Asia ETF News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
IMF Report-Japan: Financial Sector Stability Assessment Update
August 1, 2012--EXECUTIVE SUMMARY1
Japan's financial system is at a critical crossroad. Compared with a decade ago, its stability
seems to have been considerably enhanced due to the lessons learnt from the financial crisis of
the 1990s, improved institutional and regulatory frameworks, and proactive policies.
The financial system has remained resilient to the global financial crisis, helping counterbalance the
global deleveraging process. However, deep-rooted macroeconomic and structural
vulnerabilities remain, including questions about long-term fiscal sustainability, deflation, the
large financial sector exposures to Japanese government bonds (JGBs), and the likelihood that the demographic transition will weigh on growth and begin to erode private savings. These
factors pose risks to the financial system’s stability. The broader macroeconomic and institutional environment has limited risk-taking and led to bottlenecks in credit channeling, in turn constraining the financial sector’s ability to intermediate effectively and support economic growth.
1. Measurable progress has been made since the 2003 Financial Sector Assessment Program (FSAP) assessment to strengthen the financial system. Significant restructuring was encouraged among the large banks and insurance companies, nonperforming loans were reduced, and capital positions improved. Moreover, steps were taken to strengthen the financial regulatory and supervisory system, and advances made to further enhance Japan’s crisis preparedness and financial safety net. This progress and an effective policy response, including substantial liquidity injections and monetary easing by the BOJ, as well as other stimulus measures by the government, helped the Japanese financial system withstand one of the most severe output contractions experienced among the G-7 during the global financial crisis.
Even more impressive was the swift and decisive response to the devastation caused by the Great East Japan Earthquake in order to maintain financial stability.
view the IMF Report-Japan: Financial Sector Stability Assessment Update
Source: IMF
IMF Country Report-Japan: Selected Issues
August 1, 2012--EXECUTIVE SUMMARY
With reconstruction following the Great East Japan earthquake underway, Japan has laid out a plan for fiscal consolidation over the medium-term to bring down public debt. To solidify these welcome reforms, additional longer-term measures are needed and should focus on reigning in social spending and raising growth, which are the topics of the background papers for the 2012 Article IV consultation.
Chapter I presents an analysis of the effects of possible future pension reforms on fiscal consolidation and growth. Among various available options, increasing the pension
eligibility age appears most attractive as it would help reduce the fiscal burden and stimulate economic activity by raising old-age labor force participation. Other options include
“clawing back” a small portion of pension benefits from wealthy retirees, reducing the preferential tax treatment of pension benefit incomes, and collecting contributions from
dependent spouses of employees. These options could reduce the public contribution to the
public pension system by up to 1¼ percent of GDP by 2020.
view the IMF Country Report-Japan: Selected Issues
Source: IMF
Global slowdown bites across Asia
August 1, 2012--Manufacturing is slumping across the globe as confidence in the recovery ebbs and Europe's troubles ripple through other economies.
Fresh data released Wednesday show manufacturing activity stalling in the United States, declining in Europe, and close to contracting in emerging economies such as China.
read more
Source: Globe and Mail
TSE has published the index value of TSE Home Price Index for May
July 31, 2012--TSE has published the index value of TSE Home Price Index for May on July 31, 2012.
The index value of TSE Home Price Index (Used Condominium, Composite of Tokyo Metro Area) is 78.01 points. The index value of TSE Home Price Index (Used Condominium, Tokyo) is 81.90
points.
The index value of TSE Home Price Index (Used Condominium, Kanagawa) is 78.39 points.
The index value of TSE Home Price Index (Used Condominium, Chiba) is 66.04. The index value of TSE Home Price Index (Used Condominium, Saitama) is 66.99 points.
read more
Source: Tokyo Stock Exchange (TSE)
ASIC-12-180MR New financial requirements for issuers of over-the-counter derivatives
July 31, 2012--ASIC today released new financial requirements for Australian financial services licensees who issue over-the-counter (OTC) derivatives to retail clients, including contracts for difference and margin foreign exchange.
The changes aim to ensure these AFS licensees have adequate financial resources to operate their business in compliance with the Corporations Act and to carry out supervisory arrangements.
ASIC Commissioner, Greg Tanzer said the new requirements had been developed to help ensure licensees have the financial resources to more adequately manage their operational risks in this growing area and followed a lengthy consultation process with industry.
read more
Source: ASIC
TSE Market Impact View Report, "Perspectives on Market Liquidity Using TSE Market Impact View" Now Available
July 31, 2012--Hiwon Yoon, President and CEO of CMD Lab, Inc. and Engineering PhD who assisted in the development TSE Market Impact View (TMIV) introduced by the TSE in December last year
has created a report on the service entitled "Perspectives on Market Liquidity Using TSE Market Impact View".
read more
Source: Tokyo Stock Exchange (TSE)
DB-Equity Research-Asia-Pac- ETP AUM remains flat amid mixed equity markets
July 30, 2012--Market Review
Last week, The Asia-Pacific region had mixed markets. From north to south, Japan (Nikkei 225) lost 1.19%, Korea (KOSPI2) was up by 0.78%, China (CSI 300) decreased by 2.06%, Hong Kong (HSI) was down by 1.86%, Singapore (FSSTI) declined by 0.57%, and Australia (S&P/ASX 200) advanced by 0.25% over the previous week.
New Launch Review
There was no new listing during last week.
Turnover Review
Asia-Pacific ETP turnover totaled $6.6bn for last week, 17.5% above from the previous week’s total. South Korea continued to be on top of the turnover ranking with $3.3bn, followed by China ($1.3bn), Hong Kong ($0.7bn), Japan ($0.7bn), and Australia ($0.2bn). Among Equity ETFs, Emerging Country, Leveraged Strategy, Short Strategy, and Asia Pac Developed Country ETFs had total turnover of $2.5bn, $1.7bn, $1bn, and $0.9bn respectively. Under the Commodity asset class, turnover in Gold ETPs totaled $96m for the last week.
Assets Under Management Review
Last week, Asia-Pacific ETP AUM decreased by $0.3bn and ended at $111.8bn. On a year-to-date basis, Asia-Pacific ETP market is up by $20.3bn or 22.2% above last year’s closing.
to request report
Source: Deutsche Bank - Equity Research - Asia Pacific
ETFS Precious Metals Weekly:Gold and Silver Prices Surge After Draghi Pledges Action
July 30, 2012--Gold and silver prices surge and Spain's bond yields drop sharply as
Draghi pledges aggressive action to stabilize debt markets. Gold and
silver led commodity prices higher last week after ECB President, Draghi,
committed to do "everything it takes" to keep the Eurozone intact.
Spanish 10-year bond yields ended the week below the 7% level that prompted
other peripheral countries to seek bailouts. While Spain and its banks will
receive bailout funds, the exact mechanism remains unclear. Draghi is now
trying to seek government and national central bank approval for a plan to
ease borrowing costs in Italy and Spain before the next ECB meeting on
Thursday. More liquidity injections into the Eurozone banking system
appear the most likely option at this stage, with the ECB still resisting the
direct support of government finances.
Gold speculative positions drop back to near 4-year lows, gold-silver ratio near two year low. ECB president Draghi’s comments fuelled a gold rally, pushing the gold price above US$1,600/oz by the end the week, while silver gained 2%. Net speculative gold futures positioning reported by the CFTC show that net bullish positions dropped to near a four-year low in the week ending 20 July.
visit www.etfsecurities.com for more info
Source: ETF Securities
China relaxes QFII rules to attract overseas investment
July 28, 2012-- China has eased its grip on its control on investments made by qualified foreign institutional investors (QFIIs), according to a revised QFII regulation released by the nation's securities regulator.
Compared with previous rules, the regulation published by the China Securities Regulatory Commission (CSRC) on Friday lowers the QFII threshold and allows QFIIs to invest in the nation's capital market through more than one securities dealer.
The regulation also allows QFIIs to invest in the interbank bond market and private placement bonds issued by small and medium-sized enterprises and hold up to a 30-percent stake in a listed company, up from the previous 20-percent stake cap.
read more
Source: Xinhuanet.com
New ETFs Included in Real-Time Dissemination of "TSE Indicative NAV"
July 27, 2012--Tokyo Stock Exchange, Inc. (TSE) will newly calculate and publish the real-time Indicative Net Asset Value (Indicative NAV) per share for the below Exchange Traded Funds (ETFs) beginning August 27, 2012.
Addition
Code: 1574
ETF: MAXIS TOPIX Risk Control (10%) ETF
Fund Administrator: Mitsubishi UFJ Asset Management
read more
Source: Tokyo Stock Exchange (TSE)
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
