Naomi Fink chats with Bernie Lo on the macro implications of large public IPO’s: JR Kyushu: riding the IPO wave On Tuesday 25 October, Fukuoka-based JR Kyushu is slated to start trading following last week’s IPO, set to raise 416bn yen. By most measures, the offering is far from record-breaking; JR Kyushu is the fourth JR company to stage an IPO, and pales in comparison to 2015’s mammoth Japan Post…
Naomi Fink speaks to CNBC Asia’s Pauline Chiou on The Rundown. Topics for discussion include: Economy: warning signals if employees do not spend those enhanced summer bonuses Markets: could investment trusts get a bumper from bonuses? Risks to the policy outlook Carry trade and interest rates Risk of a premature QQE exit within this financial year
On the potential delay of the consumption tax hike in Japan: “It’s one very easy show of supporting consumption and also it’s a way of flexing political muscle,” Naomi Fink, CEO of Europacifica Consulting, told CNBC.”My main worry remains that this sends the wrong message with regards to fiscal credibility.” Click here for video link
Sentiment in stocks tends to be adversely affected by yen strength, though both might actually be influenced by global appetite for risk/uncertainty over global demand. Naomi Fink chats with CNBC’s Matthew Taylor on the yen, impact on Japanese corporates and BOJ policy. Click here to view the segment.
Outlook for Japanese markets Data out of Japan today: household spending, jobless rate and retail sales– impact on the markets? BOJ Policy and reflation Consumption tax hike and fiscal policy Link to video