HC Picks 39

Policies and business activities related to Japan investment opportunities

Japan Post

Japan Post IPO pulls in retail orders

“Hopefully distributors are not comparing them with BRL based Japan equity fund.”

Japan Post units priced at top of market range

“A Japanese newspaper was telling that Japan Post Insurance attracted the most as they offer good price hotel facilities across Japan.”

Biggest winner from Japan Post IPO: Abenomics

“Note that 4t yen of sales proceeds are defined to fund? Fukushima Reconstruction.?”

Governance/Stewardship

Season of Scandal Hits Japan With Company Confession Flurry

“Not good, but might be better sign if these are getting visible due to the introduction of corporate governance code. Reactions of the companies should get attentions.”

Recent News

Business

EPS estimates for global banks in 2015 cut by 3.4% over past year

Japan’s Astellas looking for more deals to refuel drug pipeline

Japan fund on $10 billion quest to discover the next Elon Musk

Policy

Abe: Reduced tax rate must accompany hike

Japan Inc supports bringing in low-skilled foreign labour – Reuters poll

Slim majority of Japan firms now favors more BOJ easing: Reuters poll

(FSA)Publication of Summary Points from 2015-2016 Strategic Directions and Priorities

GPIF

New phase in Abe’s policies / Stock-heavy investing spurs seesawing pension funds

Economy

Japan manufacturers’ mood down again amid recession fears: Reuters Tankan

Japanese reforms: Have they hit or missed targets?

Japan third-quarter growth seen slowing sharply as Asian demand slumps

Market

Why the Bank of Japan could disappoint markets this month

Japanese capital targets US, alternative sectors in emerging Asia

BOJ

BOJ’s Kuroda: prices are improving, consumer spending is recovering

Regional Economic Report (Summary) (Oct. 2015)

Governance/Stewardship

ACCJ Viewpoint: “The GPIF and its Asset Managers Should Support Japan’s Corporate Governance Code”