26 March 2015



Today’s Issue Cluster: Japan

Ads – Online revenue at risk in war on ‘click fraud’
TPP – Leaked draft shows investment carve-outs sought
Iron – China’s ore stocks dwindle as price fall scares off buyers


MAJOR DATA POINTS

Germany – Apr: GfK consumer confidence rising; 10.0 from 9.7 / AFP *

US – Mar: Markit services rises to highest since Sept; 58.6 from 57.1 / R *

US – Week: Jobless Claims Decline; -9k to 282k / B / R / WSJ / AP *


MARKETS

Japan – Investors shift money from Europe N *

Japan – Shares break free of US, poised for bull run N *

Japan – Hopes for investment, wage hikes fuel Japan stock surge N *

Japan – Bull run may soon take a break N *


ECONOMICS

Japan – Recovery Is Complicated by a Decline in Household Savings NYT *


POLITICS & FISCAL POLICY

Japan – Abe-Kuroda honeymoon soured by fiscal friction R


MONETARY POLICY

BOJ – Inflation promise comes unstuck FT / WSJ / R / NYT / R / B / AFP *

BOJ – The art of Japanese debt juggling FT *


FINANCE



REAL ESTATE



LABOR & EDUCATION

Japan – Companies Grant Biggest Pay Raises in Years WSJ / FT / NYT / WSJ / B / N * * *

Japan – Half of corporations meet or beat 2014 raises N *

Japan – ‘Pay hikes boost Abenomics, now reforms are needed’ N *

Japan – Looks to End Taboo on Military Research at Universities WSJ *


SERVICES

Ads – Changing TV Landscape Colors ‘Upfront’ Sales Outlook WSJ *

Ads – Hispanics shine amid US television gloom FT * *

Ads – Online revenue at risk in war on ‘click fraud’ R *


MANUFACTURING



TECH



TRADE & TRANSPORTATION

TPP – Leaked draft shows investment carve-outs sought ABC / R

TPP – Deal Seen as Door for Foreign Suits Against US NYT

TPP – Unions Focused on Fighting Trade Deals wsj *


COMMODITIES

Iron – China’s ore stocks dwindle as price fall scares off buyers R *

Copper – Miners suspend operations in Chile as heavy rains flood roads R *

Nickel – China: some good news and some not-so-good news R *

Potash – Belaruskali shakes up sector FT *


ENERGY & ENVIRONMENT

Oil – Prices surge after Saudi air strikes in Yemen R / FT / WSJ / R * *

Oil – China low on storage capacity FT / R *

Oil – US Storage Rises More Than Expected Again B * *

Oil – Mexico expects US swap, another crack in crude export ban R * *

Oil – US Exports Could Reshape World Markets IBD *

Oil – Iran talks puts traders on edge FT *

Oil – Petrobras scandal knocks broader Brazilian industry FT *

Oil – The Energy Bust: How Much Like Tech in 2001? wsj *

Oil – Low returns drag down US shale industry FT


HEALTH

Biotech – Stocks Deliver a Dose of Pain WSJ

Biotech – Rally Fuels Bubble Fears WSJ


ENDNOTE

The decline of sideburns wapo *


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