🌸Japanese Customer : Japanese Customer News 12th September 2015


September 13, 2015

Japanese Customer News 12th September 2015

Japanese Customer News 12th September 2015


Japanese Customer News 12th September 2015

“Japan’s Nikkei 225 stock market index jumped 7.7 per cent after Prime Minister Shinzo Abe promised to lower the corporate tax rate by a cumulative 3.3 percentage points over two years”

Source: Tokyo shares surge, Bloomberg, by Yuji Nakamura and Jonathan Burgos, Australian Financial Review, Thursday September 10th, 2015 page 1.

“Japan is..riding a wave of increased tourism from China, largely driven by a relaxation of visa rules and a fall in travel prices”

Source: Chinese tourists lured by shops more than beaches, by Chris Tolhurst, The Australian Financial Review, Thursday 10th Sepetember, 2015, page 26.

“In June, total cash earnings for the average Japanese worker, including regular wages, overtime and bonuses, was down a sharp 2.5 per cent from a year earlier…July’s reading showed a meagre 0.6 per cent increase. Economists had expected 2 per cent. Total summer bonuses were down 5 per cent this year the biggest fall since 2009.”

Source: More Japanese easing on the cards, by Aaron Blake, The Wall Street Journal, The Australian, Monday 7th September, 2015, page 22.

“the Bank of Japan is conducting a massive program of monetary stimulus, which involves it buying Y 80 trillion (AUS$970 billion) of assets each year. This aggressive monetary stimulus has helped drive the value of the Japanese yen lower, boosting the profits of Japan’s big corporations, which are heavily dependent on export sales”
Source: Currency wars simmer- despite G20 discussions, by Karen Maley, Australian Financial Review, September 7th, 2015, page 22.

“China’s share of exports, 2013(%)

Australia 36.1%

South Korea 26.1%

Chile 24.9%

NZ 20.8%

Japan 18.1%

US 7.7%

Germany 5.4%

Source: Peterson Institute for International Economy”

Source: The real anxiety behind soft national accounts, by Alan Mitchell, Australian Financial Review, Monday, September 7th, 2015, page 28.

“Japan will join the so-called Asia Region Funds Passport which frees up trade relations for investment firms between (Australia and Japan)..It offers local (Australian) companies the ability to target the AUS$19.83 trillion in savings held by Japanese households”

Source: Japan deal lights path for Australian banks towards $14 trillion, By James Eyers, Friday September 11th, 2015. The Age Newspaper Online, www.theage.com

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