28 May 2014



Today’s Issue Cluster: Japan Economy

Rail – Sharp rise in West Coast oil trains, fears abound
NatGas – Avoiding Ukraine Pipelines Would Hurt Gazprom
MERS – Guarding Against Disease Among Pilgrims to Mecca


MAJOR DATA POINTS

Germany – May: Jobless rise biggest in five years, mild winter blamed; +24k to 2.9m / R / WSJ / APB


MARKETS

Japan – Parallel between stock and forex markets fades FT *


ECONOMICS

Japan – Shows Resilience to Tax-Rise on Record Confidence Gain FT / B

Japan – Abe Corporate Tax Cut Bid Gains Ground With Ruling Party Support B

Japan – PM to urge company boards to open up in governance push R *

Japan – Reformists face challenge over governance FT *

Japan – Firms starting to put record stockpile of cash to work WSJ / N *

Japan – Lending Abroad Is Key to Profits WSJ *

Japan – Weak exports, not tax hike, could shake BOJ R / wsj

Japan – Risks Low Growth Even as Easing Spurs Inflation B

Japan – Investors Bet Against Retailers WSJ / R * *

Japan – GDP growth accelerates ahead of China in first quarter / b *

Japan – Just 4.6% say they’re better off than year ago / b *

Japan – Making Abenomics Work WSJ *

Japan – Working poor left behind by Abenomics R *

Japan – Having boosted stocks all it can, what’s next for Abenomics? N * * *

Japan – Eating into Their Savings? wsj *


POLITICS & FISCAL POLICY

Japan – Abe’s Strategy: Rearrange Region’s Power Balance WSJ / FT


MONETARY POLICY

BOJ – Kuroda Signals Impatience With Abe Government WSJ / R / wsj / N / R / FT * * * * *

BOJ – Refrains From Easing With Signs Japan Weathering Tax Rise B / WSJ


FINANCE

EU – Banks back in infrastructure loan zone FT *

EU – IPO market flagging FT *


REAL ESTATE

China – Property Slump Worsens WSJ / B / N *

China – Housing sales volume will start a slide that lasts until 2020, analyst says C

China – Housing market going through natural adjustment X

China – Home Price Growth b *


SERVICES



MANUFACTURING



TECH



TRADE & TRANSPORTATION

Rail – Sharp rise in West Coast oil trains, fears abound AP

Rail – In North American towns, some try to stop oil trains R *

Rail – Bakken Shale Oil Safe via Train, Industry Group Says WSJ / AP

Pipeline – US quietly imposes new conditions on Keystone construction AP


COMMODITIES



ENERGY & ENVIRONMENT

NatGas – Gas Terminal Plans Helped Lithuania Negotiate Lower Price From Gazprom WSJ / B / R / FT

NatGas – Avoiding Ukraine Pipelines Would Hurt Gazprom B *

NatGas – Russia’s mega gas deal with China bad news for Australia SMH

NatGas – Rigs Slump as Pipeline Capacity Limits New Drilling B

NatGas – ‘Canadian LNG projects should focus on the right deal, not the first’ G&M *


LABOR & EDUCATION

World – Workers in poor countries have never had it so good e *

World – Counting the cost of forced labour e / q * * * *


HEALTH

MERS – Guarding Against Disease Among Pilgrims to Mecca NYT / R *


ENDNOTE

What are the most overrated films? blm * *


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