S.Korea to double stock price movement limit, boost service sector
August 12, 2014--South Korea will double the daily price movement limit on stocks listed on the main board for the first time in nearly 16 years, in new measures the government unveiled on Tuesday to boost service businesses.
Each stock listed on the Korea Exchange will be allowed to rise or fall by up to 30 percent from its previous closing price, compared with 15 percent at present, the government said in a joint statement from six ministries and one agency.
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Source: Reuters
TSE ETF/ETN Monthly Report for Jul 2014
August 11, 2014--Trading gains seen in JPX-Nikkei 400 ETFs
Trading value in the ETF/ETN market in July 2014 was about JPY 1.579 trillion, with daily average trading value reaching about JPY 71.8 billion.
NEXT FUNDS JPX-Nikkei Index 400 Exchange Traded Fund saw trading value gains and ranked 10th overall.
Trading in Daiwa ETF JPX-Nikkei 400 and other JPX-Nikkei 400 ETFs also saw significant gains.
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Source: TSE
Vietnam welcomes debut onshore ETF
August 8, 2014--VietFund Management is marketing a domestic exchange-traded fund that will not be subject to
foreign-ownership limits.
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Source: Asian Investor
New ETF to be Listed on August 26, 2014(Tue.) ‐Nikko Asset Management‐ "Listed Index Fund Nikkei Leveraged Index"
August 6, 2014--Today, Tokyo Stock Exchange, Inc. (TSE) approved the listing of a new ETF managed by "Nikko Asset Management Co., Ltd".
The ETF will be listed on Tuesday, August 26, 2014...
Code 1358
Name Listed Index Fund Nikkei Leveraged Index
Listing Date 26. August, 2014(Scheduled)
Trading Unit 1 unit
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Source: TSE (Tokyo Stock Exchange)
IMF Working paper-Is Japan's Population Aging Deflationary?
August 4, 2014--Summary: Japan has the most rapidly aging population in the world. This affects growth and fiscal sustainability, but the potential impact on inflation has been studied less.
We use the IMF's Global Integrated Fiscal and Monetary Model (GIMF) and find substantial deflationary pressures from aging, mainly from declining growth and falling land prices. Dissaving by the elderly makes matters worse as it leads to real exchange rate appreciation from the repatriation of foreign assets. The deflationary effects from aging are magnified by the large fiscal consolidation need. Many of these factors will beset other advanced countries as well, but we find that deflation risk from aging is not inevitable as ambitious structural reforms and an aggressive monetary policy reaction can provide the offset.
view the IMF Working paper-Is Japan's Population Aging Deflationary?
Source: IMF
Indicative NAV published for new ETFs through the FLEX standard service
August 4, 2014--Indicative NAV published for new ETFs through the FLEX standard service.
Beginning on August 11, 2014, Tokyo Stock Exchange, Inc. (TSE) will publish the real-time Indicative Net Asset Value (Indicative NAV) per share through the FLEX standard service for the below one Exchange Traded Fund (ETF...
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Source: TSE (Tokyo Stock Exchange)
IMF Survey: China Would Benefit from Slower but Safer Growth
Successful implementation of comprehensive reform agenda will secure more balanced, sustainable growth
Slower credit and investment growth are required to contain risks
Slower but safer growth path is good for China and the world
July 31, 2014--
After three decades of remarkable growth, China's economy has been slowing.
The country needs to implement the announced reform agenda and address vulnerabilities to secure a safer development path, said the IMF.
China's growth was 7.7 percent in 2013 and is expected to be around 7½ percent in 2014, in line with the government’s target, the IMF said in its most recent report on the state of the Chinese economy. Much of China's slowdown has been structural, reflecting the natural growth convergence, but weak global growth has also contributed.
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Source: IMF
Indian rupee slumps to 3-mth low on dollar buying by state-run banks
Rupee ends at 60.55/56 per dlr vs 60.06/07
All eyes on RBI policy review for possible cues
Dollar expected to trade strong vs. global majors in near term
July 31, 2014--The Indian rupee slumped to a three-month low on Thursday, hurt by a rally in the dollar in global markets that helped spur state-run banks into buying greenbacks for corporate-and defence-related payments.
The partially convertible rupee fell to as low as 60.57 per dollar at one point, its lowest since April 29, when the currency was in the midst of a rally in the lead-up to the general elections.
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Source: Reuters
IMF Country Report-People's Republic of China: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the People's Republic of China
July 30, 2014--Summary: KEY ISSUES Context. After three decades of remarkable growth, the economy has been slowing. Much of the slowdown has been structural, reflecting the natural convergence process and waning dividends from past reforms; weak global growth has also contributed.
Moreover, since the global financial crisis, growth has relied too much on investment and credit, which is not sustainable and has created rising vulnerabilities. Growth was 7.7 percent in 2013, and is expected to slow to around 7½ percent this year and decline further over the medium term. Focus. The pattern of growth since the global financial crisis is not sustainable and has resulted in rising vulnerabilities.
IMF Survey:-Japan's Bumpy Growth Path Puts Premium on Structural Reforms
July 28, 2014--"Abenomics" gaining traction, but self-sustaining growth not assured
Growth set to resume following recent contraction
Ambitious structural reforms and concrete fiscal measures urgently needed
This would help achieve the new inflation target and guard against headwinds from a shrinking labor force and a large fiscal adjustment need.
View the IMF Survey:-Japan's Bumpy Growth Path Puts Premium on Structural Reforms
Source: IMF
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