May 2009アーカイブ

The real estate assets forehead's securitized in fiscal year 2008 comparing the height at 07 log lingua fiscal years in the past, narrow to 3,075,300,000,000 yen of 65% decrease, and having dropped to the level seven years ago understand and Ministry of Land, Infrastructure and Transport has understood the 26th from the land white paper of 2009 dissemination lingua editions.

The calositas stood out in relief against having of the credit contraction by the finance crisis that rapidly became aggravated by the bankruptcy of last autumn's U.S. bond major Lehman Brothers Holdings () a big influence on the real estate investment market in Japan.
The number of securitizations also stays in 470 in fiscal year 2008, and it has decreased from 1523 of fiscal year 2007s drastic.

The source
http://headlines.yahoo.co.jp/hl?URL of the land white paper of a=20090526-00000029-jij-pol Ministry of Land, Infrastructure and Transport is http://www.mlit.go.jp/statistics/file000006.html. 
"Red vulture" lands on Japan in place of the investment fund of Europe and America. The vulture is a fishery group of a Chinese maximum scale "Chinese fishery association" (Beijing City) as its name suggests.

This group agrees to the fund, Asset Investors (Osaka stock exchange market 2nd section) in Japan, and the business tie-up on the 14th.
To tell the truth, this fishery group has two horn face though it is thought that the investment fund and the fishery group is collaboration why.
The top is Hitoshihicari first session of a month length that holds an agricultural senior vice minister of a Chinese government successively. The important person of the former minister class is expected to make the investment fund that this group also will set M&A unusually in Japan in China.

At what do you aim in Japan?A well informed food affiliate about China says so.
「Might M&A of the food business of Japan chiefly. However, hostile acquisition like the U.S. steel company is not begun. It is because it is understood to fail. To tell the truth, this association has already invested in the Asset Dipterocarpus tuberculatus. I might make the Asset Dipterocarpus tuberculatus a figurehead, and take part in management on the other side. 」

Seem China really that is skillful in the deeply laid plan reserve. Will the offensive of a red vulture become strong in the future?
Mitslshi Saito of a well informed Higashigaito capital bond chief economist about international finance talks so.

「The ardor in the world to M&A is China now. First of all, the strategy of China requests the technical assistance. However, if cooperation cannot be received, the way of acquisition is taken. Having taken aim next is a food technology though a Chinese fund has been bought up to now around the resource development company such as oil. It is because it learns by experience to the chaozu case with the poison and a high technology was needed. For the country to eliminate the rush subject while developing contamination and the green tract of land, aiming is sure to set positive M&A with the water connection about the river at the same time. 」

War funds of M&A are foreign reserves money of 200 trillion yen. It becomes the dimension twice Japan.
Japan in which it suffers from the great depression is reflected for China in "Country of gold".

http://news.livedoor.com/article/detail/4156801/
Softbank is a decision lingua on May 26 as for issue terms of the 27th debenture (The pet name: "Fukuoka Softbank Hawks bond. "). The issue aggregate amount is 60 billion yen, and it is scheduled to be allotted to the redemption fund of the redemption of borrowings and the debenture.

This debenture is raised for general, and May 27th - June 9th between ..application... The interest rate is 5.10% a year.
The maturity is ten days of June, 2011.

The prize that the hotel pair staying ticket on the pair ticket and the opening game that day of the home opening game at the season of 2010 hits in the lottery is attached to all purchasers besides it presents Fukuoka Softbank Hawks Ecobagg, too.
 http://japan.cnet.com/news/media/story/0,2000056023,20393757,00.htm
Financial Services Agency : to plural foreign exchange margin transaction (FX) traders on the 20th.
It has been understood to have shown the regulation idea that limits "Margin magnification" that shows how many times the trade money that the client entrusted to be accepted to 25 times.

The trader who accepts hundreds of times the trade comes one after another, and it is an aim to suppress an excessive speculative transaction by the regulation.

The client can swell times the lot size how many by inserting the margin in the trader in the FX trade.
If the profit ..swelling hemihedry.. backfires if the reading of the quotation is hit, the damage grows.
The trader of FX has competed for the hike of the magnification so that may pull the client and may put it by he or she.

http://markets.nikkei.co.jp/kokunai/hotnews.aspx?id=AS2C2001I%2020052009
For the director of the listed enterprise, one Monkey. ――。In this year's general meetings of stockholders, it has been understood that the number of individual investors who think that it will dissent to the legislative bill that decides director's compensation and retirement pay, etc. has increased more greatly than last year from examining The Nomura Securities. There is an investor who suffers from the sliding stock price by the deterioration in earnings etc. for a severe visual line with the manager.

The Nomura Securities monetary economy laboratory questioned the individual investor. It reached 77.8%, and the person who had answered, "There was a dissenting legislative bill" was 68.4% of 08 years, and greatly exceeded 48.0% of 07 years among about 400 investors who had the intention that exercised the voting right in this year's general meetings of stockholders.

39.6%, and "Dividend" was .."Decision of the director retirement special service bonus .."Decision of executive salaries" when having heard it : the detail of the dissenting legislative bill a lot by 40.4%..".. order of 27.0%. Besides this, opposite to "Introduction of the acquisition defense measures" rose to 14.7%.

30.3%, "Retirement special service bonus" is 29.6%, and director's dissatisfaction with the treatment has risen to opposite to "Compensation" of 08 years.

Opposite to "Dividend" has decreased from 08 to 5 points or more while the criticism to the director is strong.
This laboratory is describing the reason, "Rapid progression of the disease of corporate results, and thinking, "There is no choice even if return to shareholder decreases" is one factor to some degree".

http://www.asahi.com/business/update/0524/TKY200905240131.html
Development Bank of Japan uses the outside for Pioneer that discusses the use of a new system that supports the capital to the enterprise that falls into a temporary business slump the government and the calositas including the asset assessment has been understood. It is expected that Matsrigotmatsrigotogin will be judged spending 1―2 months of the component selection etc. when suitable for the public capital support and supporting it in the future.

Mitsubishi Tokyo UFJ Bank of Pioneer and the lead bank that falls into the business slump requests the use of the system to the affiliate in the end of April when the revision industry vitality reconstruction that enabled the public money injection into the enterprise through Matsrigotmatsrigotogin was approved. The government and Matsrigotmatsrigotogin received the situation to which the management of Pioneer worsened, and started the discussion about the stuff of the support condition.

- Pioneer..code.

- Source
http://www.nikkei.co.jp/news/main/20090524AT2C2201823052009.html
Tokyo Electric Express Railway, Ltd. announced that they sold off the consolidated subsidiary that handled the bus transit in the provinces to Jaye Will Partners of the investment fund (Tokyo and Chiyoda) in October on the 19th.
It is a subsidiary that there are headquarters in Hokkaido and the Nagano prefecture such as Soya Bath (Hokkaido Wakkanaishi) and the above TEL Bath (Nagano Prefecture Uedashi), and a bus transit etc. of Toucuushati Bath (Nagoyashi Kitaku) to sell off.
To be low the profit, and to need a large sum of capital investment in the renewal etc. of an old vehicle in the future, a local bus route :.

The clearance forehead is non-dissemination. Tokyu is influence Hanai and Iu who gives it to the consolidation bottom line at the period on March, 2010 along with this clearance.

The source
http://www.nikkei.co.jp/news/sangyo/20090519AT1D1906419052009.html
An investor increase that individual stockholder says to executive salaries that 40 percent is opposite

"NO" - in requital for a management team incommensurate.  bottom lineThe proportion of the person who answered that there is an opposite possibility to the allowances granted to board members and the retirement special service bonus among individual stockholders who have the idea of exercising the voting right in this year's general meetings of stockholders going up to about 40 percent has understood the 23rd from the questionnaire of The Nomura Securities monetary economy laboratory.

As for about 80 percent of the shareholder who exercised the voting right, it was answered that there was an opposite item to the legislative bill that the company proposed, and the eye by which the individual investor saw the management team severity became a relief.

The questionnaire is an implementation in April. The proportion that chose "Decision of executive salaries" was the highest in 40.4%, and "Decision of the director retirement special service bonus" (39・6%) continued when the item of the legislative bill with an opposite possibility was asked to 374 people who answered that the voting right was exercised by attendance, mailing, and the Internet to the general assembly among 1000 subject people by the multiple answer. Both about ten point advance linguas from previous year.

It became a consequence that showed inside "The shareholder who had dissatisfaction for too high compensation requested the soreness from the management team and amount of Kachi combination Uko was requested" of coming of the dividend abatement to the shareholder one after another along with rapid progression of the disease of the business profit (Nishiyama Kengo strategist in this laboratory).

The proportion of the person who answered, "There is an opposite legislative bill" is 77.8% in the approval or disapproval to the entire legislative bill, and 9.4 point advances from the previous year. It became a leap near by 30 points compared with 48.0% of 07 years.

Http://www.47news.jp/CN/200905/CN2009052301000590.html
One of Japan─Some becomes by the world economy and becomes an attractive investment choice actually if it expects it of the recovery in the latter six months of the term of this year though is a situation becoming of real gross domestic product (GDP) at the period of March about 15% decrease by the annualised basis literally dispirited to You may depend on it Japan.

The figure of the GDP of Japan announced on the 20th is a bad figure to which it is dumbfounded even if it sees from which angle.
In the dimension of the Japanese economy, even at that time in 2003 and this level are the moderation linguas in real terms. The net export decreased suddenly and the GDP was depressed by 1.4%.
10% super-setback lingua and others and ..capital investment.. personal consumption expenditure dropped by 1.1%.
The inventory is still in the healthy trend compared with sales, and it is necessary not to do the new order and to sell a lot of inventories what was worse.

However, the symptom of the amelioration appears though the world and the Japanese economy dropped greatly by the finance crisis actualized last year, too.
According to the Reuters short overview investigation, the judgment on business outlook DI of manufacture improves month-on-month to the mining and manufacturing production of Japan of March besides increasing by the month-on-month 1.6% in May.

It is specified that chief international economist of the capital economics (Rondon) Julian Jesopp recovers the household expenditure of the condition of the economic recovery besides export and mining and manufacturing production in full scale.
This Mr. : about the Reuters short overview investigation. 「Improving it drastic affirms the economic recovery realistic. This has been to have left room for reversing moderately though export and capital investment are large last time and it dropped. 」It specifies it.  

Moderate repulsion has the possibility to bring a benign return in ..height.. Japanese share of taking to an overseas share.
The advance actually continues to a Japanese share since the GDP announcement though the strong yen.
In addition, a Japanese share, and in particular, the small capital stock is Iu when there is a possibility of rising drastic if it sees worldwide and the Japanese economy changes to the restitution because one of the most modestly-priced fields for price book-value ratio (PBR).
Price earnings ratio (PER) of a Japanese share is about 30 times in whole.

<Dependence in China and the United States >
The Japanese economy is large in the foreign trade and this grips the key to the dependence Shite descending and the Japanese economy restitution.
The position in Japan is more benign than externals. Competitiveness is Aruka because it takes pride in a high quality and technical specification to the product of which Japan is concluding successfully by export against a low-priced product such as made in China et al..

Three according to Barclays PLC capital. ─The index of leading indicators concerning the export of Japan after five months has turned positive recently though continued dropping.

This index is composed of the new order of transportation equipment and information technology (IT) divisions in the United States and the auto production etc. of China besides the U.S. stock price and the commodity price.

The auto production enlargement policy of China was supposed to go well considerably, and April increased by the proportion 18.5% at the previous year.
On the other hand, the possibility of it is in the process of an economic recovery constant as for the United States is high though it is likely to end in the short life.

Export and the production of Japan recover, and the investment will increase when certain if the economic environment of China and the United States recovers.
On the other hand, the problem and this : though this is not a small anxiety. ─Employment and the revenue are ruined after the depression in Japan, and the consumption that worsens even for free drops further as a result.
It subtracts it to the gap between supply and demand of Japan 7. ─It is assumed 8%, there is a deflation risk, too and the possibility of a negative spiral is very high.

The user in Japan can correspond as savings are decreased compared with the user in the United States when the revenue drops to Japan because the savings rate is high.
In addition, the fiscal stimulus package and the infrastructure improvement investment also have gone in Japan.
Guarantee Hanai to whom the inside where the general election is scheduled within the year and the extra budget are united though these spendings are temporary.

Because the pulling post of economic growth exists, Japan alone is not attractive.
However, the restitution has come out besides there is a possibility of becoming unexpected the economic indicator like the rainy day, and can expect the profit more than the expectation of the future for from present to the end of this year. 



http://jp.reuters.com/article/mostViewedNews/idJPJAPAN-38159020090522?pageNumber=1&virtualBrandChannel=0
I see ..advancing.. in the direction where it unites with the printer etc. so that depressed book sales may incorporate an established book marketplace of the Middle Ages among users ..three companies average that becomes aggravated, "Kodansha Publishers Ltd.", and "Shogakukan" and "Shueisha".., and about 30% of the share of biggest "Book off Corporation" is acquired in sales of a used book.  the conference of the stuff

The kipper and three companies (Kodansha Publishers Ltd., Shogakukan, and Shueisha) unite, advance about 30% of the share of a sales chain of a used book and an off book, and are advancing the conference of the stuff by the affiliate in the direction acquired from the Development Bank of Japan etc. of head of shareholders , saying that bookstore "Maruzen" etc. of "Dai Nippon Printing" of the print industry biggest business and the shop of old standing.

Existence that pressed earnings for the publisher and the print industry, etc. that wanted to extend sales of the book on the new publication though an off book developed about 900 stores with the whole country, and had pulled the market growth of a used book.

However, the inside and Kodansha Publishers Ltd., etc. to which depressed book sales become aggravated are expected that an established secondhand market to the user with the shareholder of an off book with the bird clapper is incorporated, and there will be an aim of using the branch network of an off book as a sales network.

An off book came to light the year before last the illegal accounting problem, fell into the business slump, bought the share from the founder by Development Bank of Japan etc. , became head of shareholders, and advanced rebuilding management.


- Http://www3.nhk.or.jp/news/k10015933191000.html http://www3.nhk.or.jp/news/K10059331911_01.jpg
"Red vulture" lands on Japan in place of the investment fund of Europe and America. The vulture is a fishery group of a Chinese maximum scale "Chinese fishery association" (Beijing City) as its name suggests.

This group agrees to the fund, Asset Investors (Osaka stock exchange market 2nd section) in Japan, and the business tie-up on the 14th.
To tell the truth, this fishery group has two horn face though it is thought that the investment fund and the fishery group is collaboration why.
The top is Hitoshihicari first session of a month length that holds an agricultural senior vice minister of a Chinese government successively. The important person of the former minister class is expected to make the investment fund that this group also will set M&A unusually in Japan in China.

At what do you aim in Japan?A well informed food affiliate about China says so.
「Might M&A of the food business of Japan chiefly. However, hostile acquisition like the U.S. steel company is not begun. It is because it is understood to fail. To tell the truth, this association has already invested in the Asset Dipterocarpus tuberculatus. I might make the Asset Dipterocarpus tuberculatus a figurehead, and take part in management on the other side. 」

Seem China really that is skillful in the deeply laid plan reserve. Will the offensive of a red vulture become strong in the future?
Mitslshi Saito of a well informed Higashigaito capital bond chief economist about international finance talks so.

「The ardor in the world to M&A is China now. First of all, the strategy of China requests the technical assistance. However, if cooperation cannot be received, the way of acquisition is taken. Having taken aim next is a food technology though a Chinese fund has been bought up to now around the resource development company such as oil. It is because it learns by experience to the chaozu case with the poison and a high technology was needed. For the country to eliminate the rush subject while developing contamination and the green tract of land, aiming is sure to set positive M&A with the water connection about the river at the same time. 」

War funds of M&A are foreign reserves money of 200 trillion yen. It becomes the dimension twice Japan.
Japan in which it suffers from the great depression is reflected for China in "Country of gold".

http://news.livedoor.com/article/detail/4156801/
The policy of Financial Services Agency that regulates the margin magnification of FX (foreign exchange margin transaction)(leverage) to 25 the greatest times is a target of the argument that involves FX industry segments and the individual investor.
The criticism with "This regulation is excess compared with foreign countries" gushes.
There is a voice to expect making of the marketplace with the hemihedry and the overheat feeling, too healthy, too and movement to stare at "After it regulates it" is seen by industry segments.

The handling trader of FX goes up to as many as 120 companies according to the financial futures transaction industry association. A past stock market was sluggish, and the marketplace swelled rapidly. Therefore, the investor who receives a big damage is not few either.

And Financial Services Agency start tightening of regulations, and are already decisions as for segregated accounts of client assets and trader's assets.
This time, the upper limit of the margin magnification that showed whether it was possible to deal with it up to how many times the margin that the client had entrusted decided to be provided. As for industry segments that received the show of the regulation idea, the approval or disapproval divided into Tatsu though it would be introduced through the opinion offering from general this summer.

The sunflower bond that can choose 200 the greatest times the margin magnification throws the doubt on "Aren't the same as the United States about 100 times appropriate though the one that the individual investor is originally judged for myself and set?" and "Passed" regulations.

It is director Kyo of Hakata 1 of Efeccs online Japan that specifies, "The brake is not a magnification of the margin, should pay attention to an actual amount of a loss, and be put". If the the greatest damage forehead is set, the margin magnification of this company can deal with it up to 700 times though is 100 principle times. When the mechanism that prevents enormous amount of outside assumption damage has expanded the sense of security to the investor, it is Iu though about 90 percent of the client chooses 100-200 times.

On the other hand, the GCI capital that held FXCM Japan in the subsidiary understood and it was understood that 80 percent or more of the individual investor dissented to the regulation idea of Financial Services Agency in the implementation lingua investigation (411 people answered) on the Internet in the beginning of this month.

"Hit amount of the current transaction was changed once" reached about the investment action when the upper limit was regulated to 25 times and the answer "The trade is stopped" reached 17.5%24.6% and a lot. "The margin magnification was decided by investor's liberty intention" and "It doesn't understand why the regulation was necessary easily" The opinion was sent.

However, there is a trader who positively catches tightening of regulations, too. Money Square Japan expects it of the appeal, "FX is not a speculation but an asset management leverage", and increasing of a healthy trade by the regulation.
The FX prime「The market reliability rises though the investment heart will decline. It wants to make a strong system and abundant financial news a selling point when standing in the same ring as the other companies, and to become a chosen enterprise. 」Set up of strong feeling.  solve

If the regulation is hardened, the approachs of a reliability securing of the trade and cordial service, etc. seem to be urged again though FX industry segments have been competing up to now by the margin magnification.

The source
http://www.business-i.jp/news/kinyu-page/news/200905230016a.nwc
In the Tokyo stock market on the 18th, brands such as the movie theater, Theme Park, and railways are downfall linguas from the anxiety that the infection enlargement of a new influenza is received, it keeps away from crowded places, and movement to refrain from going out becomes strong. Toho of the movie major is a renewal compared with the closing price of last week for 1264 yen of 41 depreciation in yen as for a year's new low.
Toei was 420 yen of 25 depreciation in yen, and Shochiku was 676 yen of 12 depreciation in yen. The narrow range dropped to Oriental Land that managed Tokyo Disney Resort, and the range of reduction of Tokyo Dome exceeded 6%.

 As many as two companies (East Japan Railway and JR Western Japan) are downfall ..4% or more.. linguas.

Raising the fiber share like the upper limit etc. of the price limit (limit up) stood out as for Daiwabo and Shikibou, etc. that manufactured the antivirus nonwoven face mask from one side.

The exchange received becoming to 1 dollar =94 yen level, the sell order extended around export stocks such as cars on this day, and Nikkei Stock Average interrupted temporarily ..9000 yen per eight business day...
The closing price was 9038.69 yen of 226 yen 33 sen down compared with the closing price of last week. 【 Teradatsyoshi ]


- Http://mainichi.jp/life/money/news/20090519k0000m020113000c.html

Nomura Securities

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The Nomura Securities decided sales of the investment fund that had been marketed in January to be stopped temporarily on the 14th.
The sales balance reached about 460 billion yen by the fund operated with the American national bond ticket with a high investment return.

Because it became large-scale after a long time, merchandise on the inside where the investment trust parting of the individual continued, and the capital collected to a full upper limit that stable management is possible, the countermeasure that was called "Sales stop" decided to be taken.

It is "Nomura United States high-yield bond ticket investment trust. " to stop temporarily. The rating invests in the fixed income debt of the United States where a double low hemihedry below B case and investment return are high. Individual demand from which a high even a little return is requested is collected.

http://www.nikkei.co.jp/news/keizai/20090510AT2C0801T09052009.html
Skirts of a mountain has extended to the corporation trade such as financings besides the investment fund operated with the share related to renewable energy etc. attracts individual money. It is because the United States starts the environmental measure investment, and the concern for the environment becomes strong. However, the environmental share investment trust etc. have become temporary booms in the past. The user's selection seems to advance by merchandise and the service contents.

Nikko Cordial Securities is getting excited over a hit product after a long time. The sales total of investment fund "Nikko green New Deal fund" operated with the share in the world that had been marketed in April reached about 80 billion yen. Many of setting lingua stock investment trust is a billions of yen stopping this year, and it can be said a widely different dimension.

http://www.nikko.co.jp/inv/item/inv/inv_46/risk.html

Warren Buffett

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.famous..investor..Warren Buffett..U.S...argentic..government..stress test..integrity..review..criticize..Sus scrofa var. domesticus..capital investment portfolio..have..share..buy..increase..intention..show.

It talked about reporters on the third. Sus scrofa var. domesticus's annual meeting of stockholders was done the day before.

Both Wells Fargo & Co., US Bancorp, and SunTrust Banks, Inc. to which the Sus scrofa var. domesticus has the share are objects of the stress test.

It was described that Mr. buffeting attached to Wells Fargo & Co., US Bancorp, and the M&T bank, and an additional capital was unnecessary, and showed "The share of these 3 line Noi slippages is bought by the present price" intention.
This Mr. did not mention the necessity of the capital increase of the Cintra strike. M&T has not received the stress test.

This Mr. also specified for him to disregard the difference of the business model of the bank in the government's doing the review, and to take a wrong approach.

The source
http://jp.reuters.com/article/topNews/idJPJAPAN-37837220090504
Financial Services Agency decided the policy of regulating shown "Margin magnification" at how many times buying and selling the individual investor was good of widespread financial instrument "Foreign exchange margin transaction (FX)" by entrusted money.
About 100―600 times the high magnification trade have increased in the FX marketplace now.
Entrusted money might vanish because of the variation of a little rate of exchange.
To control the speculative transaction, the upper limit is coordinated in the direction in which about 20―30 times.

Securities and Exchange Surveillance Commission requests the systemic revision to Financial Services Agency on the 24th, and Financial Services Agency starts the revision work of the dealings politics ministerial ordinance of the financial instrument trade law. If it is early, the outlook that will be introduced this summer.

The source
http://www.nikkei.co.jp/news/main/20090424AT2C2301R23042009.html
The enterprise of the expectation to decrease the dividend for the period on March, 2010 rises to 40 percent now, and a drastic dividend cut of the big enterprise such as the small pine and Honda stands out.

There is an aim that suppresses the shareholder allocation because opaqueness is strong in the future of the business environment like the world economy etc. and secures the capital of restructuring and the growth investment.

In the accounts for the year ending March enterprise that would finish the results announcement by May 1, 397 companies that a serial comparison is possible (Finance and 3 new marketplaces were included, and part was expected Nihonkeizai Shinbun) were totaled. The dividend cut accounts for 41% of the whole including the no dividend fall.
The dividend increase or resumption of dividend is 9%, the continued non-dividend is 4%, and 46% of the remainder is outlooks that leave the dividend untouched.


- News Source
http://www.nikkei.co.jp/news/sangyo/20090506AT2D0500105052009.html

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