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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Japanese economy 'would not mind higher interest rates': StrategistAmir Anvarzadeh of Asymmetric Advisors discusses why he thinks the Bank of Japan needs to abolish it's yield curve control policy and says the zero-interest rate environment has depressed bank lending to small and medium sized companies.
Persons: Amir Anvarzadeh Organizations: Advisors, Bank of Japan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJapan's chip names are 'pretty overvalued' but there is good value in many small cap stocksTimothy Morse of Asymmetric Advisors talks through where else he sees value in the Japanese equity space.
Persons: Timothy Morse Organizations: Advisors
Speculation is swirling that the Bank of Japan may move to exit the world's last negative rate policy as early as next week, when policymakers gather for their March meeting. "We continue to expect that the BOJ will terminate NIRP in April," Goldman Sachs economists led by Tomohiro Ota wrote in a Tuesday note, referring to the negative interest rate policy. "While a March rate hike cannot be ruled out, we believe that the BOJ's communications at this juncture are not clear enough to justify assuming the March hike as the base case scenario." "The Bank of Japan has no right to keep monetary policy where [they are now]. The economy is not in any shape or form to have that ultra-loose monetary policy and quantitative easing, which we have been calling a major policy error," Amir Anvarzadeh, a market strategist at Asymmetric Advisors, told CNBC Tuesday.
Persons: Goldman Sachs, Tomohiro Ota, Kazuo Ueda, Amir Anvarzadeh Organizations: Bank of Japan, Asymmetric Advisors, CNBC Locations: NIRP, Japan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of Japan's ultra-loose monetary policy is a 'major policy error,' strategist saysAmir Anvarzadeh, a market strategist at Asymmetric Advisors, says the central bank has "destroyed" Japan's purchasing power.
Persons: Amir Anvarzadeh Organizations: Email Bank, Japan's, Asymmetric Advisors
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA steadily rising yen could lead to another 'leg-up in the market,' advisory firm saysTimothy Morse, founding partner at Asymmetric Advisors, says corporate activity and mergers and acquisitions are "heating up" in Japan.
Persons: Timothy Morse Organizations: Asymmetric Advisors Locations: Japan
(Photo by Tolga Akmen / AFP) (Photo by TOLGA AKMEN/AFP via Getty Images) Tolga Akmen | Afp | Getty ImagesLONDON — Fujitsu 's role in the U.K. Post Office scandal, dubbed the "most widespread miscarriage of justice" in British history, has analysts wary of what the fallout could look like for the Japanese IT giant. Between 1999 and 2015, a fault with the company's Horizon computer software used by the Post Office, a state-owned private company employing thousands of people across the country, resulted in more than 700 sub-postmasters being subjected to false prosecutions. watch nowIn a statement Thursday, Fujitsu said it regards the matter with the "utmost seriousness and offers its deepest apologies to the sub-postmasters and their families." "Based on the findings of the Inquiry, we will also be working with the UK government on the appropriate actions, including contribution to compensation." A spokesperson for Fujitsu wasn't immediately available for comment when contacted by CNBC.
Persons: Tolga Akmen, TOLGA AKMEN, Akmen, postmasters, Paul Patterson, Patterson, Fujitsu Tim Morse, , CNBC's, Mio Kato Organizations: subpostmasters, of Justice, Appeal, Getty, Afp, Fujitsu, Post Office, Post, Business, Trade, Asymmetric Advisors, CNBC, Fujitsu wasn't, Treasury, Fujitsu —, ICL, Tokyo Stock Exchange, LightStream Locations: London, AFP, U.K, Japan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReplacing Fujitsu in UK government contracts could be 'very expensive,' says equity advisory firmTimothy Morse, founding partner of Asymmetric Advisors, discusses Fujitsu's involvement in Britain's Post Office scandal, and says replacing the company may be very expensive as it's "very well embedded in U.K. government IT contracts."
Persons: Timothy Morse Organizations: Fujitsu, Asymmetric Advisors Locations: Britain's
By any measure, cash-bleeding Rakuten Mobile is deeply troubled. Rakuten is set for another tough year in 2024 with investors keen to see if it can achieve its goal of having the mobile unit break even. Those steps have raised some 800 billion yen ($5.4 billion). Then in October, SoftBank Corp (9434.T), Japan's No.3 mobile network provider, began offering a generous reward campaign for most mobile users using SoftBank Group's (9984.T) PayPay online payment system. Without profits, the mobile unit is not likely to entice would-be suitors and competition laws would probably prevent the likes of SoftBank and Docomo from bidding.
Persons: Japan's Rakuten, Hiroshi, Mickey, Rakuten, Mitsunobu Tsuruo, Rakuten's, NTT Docomo, Mikitani, Amir Anvarzadeh, Anton Bridge, David Dolan, Edwina Gibbs Organizations: Citi, Amazon Japan, Rakuten Securities, Rakuten Bank, SBI Securities, GUNNING, Rakuten Mobile, Reuters, NTT, SoftBank Corp, Asymmetric Advisors, Thomson Locations: TOKYO, ARPU
[1/2] A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. The tech investment behemoth raised nearly $5 billion from Arm's offering while retaining 90.6% of the firm. Known for debt-fuelled acquisition sprees, SoftBank founder and CEO Masayoshi Son flagged in June that the company was shifting back into "offence mode" as he highlighted the potential of artificial intelligence. That's after a year of "defence mode" when tech valuations crashed amid higher interest rates and global banking jitters. Few companies in SoftBank's investment portfolio have demonstrated commercial utility in AI, analysts said.
Persons: Dado Ruvic, behemoth, Masayoshi, Yoshimitsu Goto, SoftBank, SemiAnalysis, Kyle Stanford, There's, Amir Anvarzadeh, PitchBook's Stanford, Anton Bridge, Miyoung Kim, Edwina Gibbs Organizations: REUTERS, Rights, Arm Holdings, SoftBank, HK, Vision, Nvidia, Asymmetric Advisors, Thomson Locations: British
[1/2] A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. The tech investment behemoth raised nearly $5 billion from Arm's offering while retaining 90.6% of the firm. Known for debt-fuelled acquisition sprees, SoftBank founder and CEO Masayoshi Son flagged in June that the company was shifting back into "offence mode" as he highlighted the potential of artificial intelligence. That's after a year of "defence mode" when tech valuations crashed amid higher interest rates and global banking jitters. Few companies in SoftBank's investment portfolio have demonstrated commercial utility in AI, analysts said.
Persons: Dado Ruvic, behemoth, Masayoshi, Yoshimitsu Goto, SoftBank, SemiAnalysis, Kyle Stanford, There's, Amir Anvarzadeh, PitchBook's Stanford, Anton Bridge, Miyoung Kim, Edwina Gibbs Organizations: REUTERS, Rights, Arm Holdings, SoftBank, HK, Vision, Nvidia, Asymmetric Advisors, Thomson Locations: British
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of Japan needs to move before inflation gets out of control, says strategistAmir Anvarzadeh of Asymmetric Advisors shares his expectations for the Bank of Japan and the Japanese Yen.
Persons: Amir Anvarzadeh Organizations: Email Bank of Japan, Advisors, Bank of Japan
But the nation is lagging behind in the generative AI race and is trying to create its own large language models. Generative AI has been the trendiest topic in tech since OpenAI made waves with its chatbot ChatGPT. Key to generative AI development are large language models which underpin the likes of ChatGPT and Baidu's Ernie Bot, capable of processing vast data sets to generate text and other content. Japanese companies pursuing generative AIBig Tech players have also joined the fray to boost Japan's standing in generative AI. While it has yet to catch up in the generative AI space, Japan is making its first stride with these private sector efforts.
Persons: Goldman Sachs, Ernie Bot, Noriyuki Kojima, Kojima, Fumio Kishida, Sam Altman, Masayoshi, Son, Amir Anvarzadeh, Anvarzadeh, CyberAgent, Bloom Organizations: Getty, Japan, Technology, Reuters, Microsoft, Google, Ministry of Economy Trade, Industry, IMD, Nikkei, Tokyo Institute of Technology, Tohoku University, Fujitsu, Riken, Japanese, Big Tech, SoftBank Group, SB Energy, Toyota Tsusho, Fortress Investment, Vision Fund, Asymmetric Advisors, NTT, Local Locations: Japan, China, Europe, Nikkei Asia, Government, Tohoku, Hokkaido, SoftBank
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJapanese yen weakness is 'not necessarily a good thing' for U.S. dollar investors, says analystJapanese yen weakness isn't good for U.S. dollar investors, says Timothy Morse, founding partner of Asymmetric Advisors, who pointed out that the Topix index has underperformed the S&P 500 in dollar terms this year.
Persons: Timothy Morse Organizations: U.S, Asymmetric Advisors
SoftBank's fortunes are 'looking to turn,' strategist says
  + stars: | 2023-06-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoftBank's fortunes are 'looking to turn,' strategist saysAmir Anvarzadeh, Japan equity market strategist at Asymmetric Advisors, discusses what SoftBank CEO Masayoshi Son described as a shift from "defense" to "offense" mode and the company's plans in artificial intelligence.
Persons: Amir Anvarzadeh, Masayoshi Son Organizations: Asymmetric Advisors Locations: Japan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJapan has been seen as a bit of a 'value trap,' says advisory firmTimothy Morse of Asymmetric Advisors says Japan has many companies with high levels of cash compared with many markets, but many of them haven't used that cash in an efficient way.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAdvisory firm names the Japanese banks that are most exposed to Silicon Valley Bank's collapseTimothy Morse of Asymmetric Advisors says the most exposed are banks like Norinchukin Bank and Japan Post Bank.
TOKYO, Jan 13 (Reuters) - Yields on Japan's benchmark 10-year government bonds breached the central bank's new ceiling on Friday in the market's most direct challenge yet to decades of uber-easy monetary policy. The central bank already holds 80% to 90% of some bond lines. REMEMBER THE RBAThere is talk in the markets that the central bank could shorten its yield target to three- and five-year bonds, but history abroad suggests the strain will remain. With the local economy recovering faster than expected and inflation accelerating, the RBA realised its pledge to keep three-year yields at 0.1% out to 2024 was no longer credible. So it abruptly dropped the whole thing and three-year yields spiked to 0.48%, an episode the RBA itself conceded caused "reputational damage" that would not be repeated.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrategist explains why he thinks the Bank of Japan is committing a major policy errorAmir Anvarzadeh of Asymmetric Advisors says the Bank of Japan's decision to keep interest rates low is a "major policy error" which could be corrected as soon as Governor Haruhiko Kuroda leaves his post in April.
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