21 March 2014



Today’s Issue Cluster: Japan



DATA POINTS

Japan – Mar: Reuters Tankan business mood steady but seen weakening; 31 from 30 / R *

EZ – Jan: Current Account Surplus Reaches Record High; +€25b from +€20b / WSJ

Canada Feb: Inflation exceeds forecast; 1.1% from 1.5% / R / FP / CBC

Canada – Jan: Retail sales rise better-than-expected; +1.3% / R *


MARKETS

Yen – BOJ stimulus hesitance feeds currency bulls FT / B * *

Stocks – Foreign Investors Rush to Sell Japanese Holdings WSJ *


ECONOMICS

Japan – Tests Begin to Mount for Abe WSJ / R *

Japan – Central-Bank Chief Defends Consumption-Tax Rise WSJ / IBD / N *

Japan – Companies rediscovering appetite for loans N *

Japan – Pension giant: Risk on E *

Japan – What if Export Boom Never Shows Up? wsj *

Japan – Foreign Buyers Have a Yen for Tokyo Real Estate WSJ

Japan – Big cities emerge from land-price deflation FT / K

Japan – Property price rises provide firmer ground for inflation FT


POLITICS & FISCAL POLICY

Ukraine – Broader EU Sanctions on Russia Could Hurt Europe’s Economy WSJ / AP / WSJ / B *

Ukraine – US companies urge restraint on Russia sanctions FT / NYT / FT / WSJ / AP / R / B

Ukraine – Links with Putin made Bank Rossiya prime US sanctions target FT / FT

Ukraine – Impact on Western banks ft * *

Ukraine – London has more to lose than most E *

Ukraine – S&P Cuts Outlook on Russia to Negative from Stable WSJ / AP

Ukraine – Russia threatens to raise gas prices as Kiev signs EU deal FT

Ukraine – EU Readies Natural-Gas Plan to Cut Reliance on Russia in Months B / FT

Ukraine – Russia wants a divided country E * *


MONETARY POLICY

Fed – Yellen puts Treasury markets on edge FT / WSJ *


FINANCE

US – Fed ‘Stress Test’ Results: 29 of 30 Big Banks Could Weather Big Shock WSJ / FTB / AP / R *


REAL ESTATE

US – Housing Recovery Hits Hurdles WSJ


SERVICES



MANUFACTURING

Autos – Carmakers predict plunging sales on Japan tax increase FT

Autos – Nissan snubs Japan, giving India a Go N * *


TECH



TRADE & TRANSPORTATION

Air – Lufthansa Pilots Vote in Support of Strike WSJ / R

Air – Budget Lines Spur Shrinking Japan to Travel B *

Air – Despite a recent tragedy, air flights are getting safer e *

Air – Pilot Shortage Adds to Regional Airlines’ Woes BW *

Air – Thousands Extra for a Few Inches of Legroom on Long Flights WSJ *

Air – Stocks Are Looking Up Again WSJ *


COMMODITIES

Metals – Indonesia export ban turns nickel from dog to star FT *


ENERGY & ENVIRONMENT

NatGas – Storage Tanks WSJ * *


LABOR & EDUCATION

DMs – Developed Country Wage Growth Picks Up WSJ

EMs – Slumping Fertility Rates in Developing Countries Spark Labor Worries WSJ * *


HEALTH

Demog – Japan: Elephant in the Room–Births vs. Deaths / b *

Demog – Japan: Abe Funds Last-Chance Saloon to Arrest Drop in Births B

Demog – Japan: Immigrants eyed as a key to maintaining population level AS *


ENDNOTES

When each country formed into it’s current state motw *


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