Japan: fumbling the baton
Article Abstract:
The Japanese stock market could be affected by modest profit growth forecasts from companies. This concerns overseas funds. Liquidity growth also appears to be weakening and a rise in bank lending has begun to slow. The stock market had been boosted by liquidity and may not be boosted by earnings once liquidity ceases to be a driving force. Loan growth may still speed up as deflation disappears, and corporate earnings should be boosted by currency weakness.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Japan: barrier breaking
Article Abstract:
Japanese share prices have risen in Jun 1996 to levels not seen for four years. This is a key barrier for the market which has been overcome. There is a view that interest rates are not likely to be raised by the Bank of Japan for some months, a view which has helped share prices. Monetary authorities do not wish to see a rise in the value of the Japanese yen, nor do they wish to see share prices fall, so they are reluctant to raise interest rates.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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