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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrategist discusses ACT's raised $47 billion bid for 7-Eleven owner Seven & iNicholas Smith, Japan strategist at CLSA, says Seven & i's restructuring plans may be a case of "too little too late."
Persons: ACT's, Nicholas Smith Locations: Japan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCLSA: "Abe reboot" likely to pick up most votes in Japan's ruling party leadership raceNicholas Smith of CLSA expects Sanae Takaichi, who he describes as a "reboot" of former Japanese prime minister Shinzo Abe, to increase fiscal spending that will provide a long-term boost to the economy.
Persons: Abe, Nicholas Smith, CLSA, Sanae Takaichi, Shinzo Abe Locations: Japan's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJapan's economy is weak because the BOJ failed to hike rates in time: CLSANicholas Smith, Japan strategist at CLSA, says the "economy has been weak because of consumption. Consumption has been weak because of the cost of living crisis. Who drove the cost of living crisis? The Bank of Japan did."
Persons: CLSA Nicholas Smith Organizations: of Japan Locations: Japan
BOJ likely to raise rates next month, strategist says
  + stars: | 2024-06-14 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBOJ likely to raise rates next month, strategist saysNicholas Smith of CLSA discusses the likely outcome of the Bank of Japan's policy meeting.
Persons: Nicholas Smith, CLSA Organizations: Bank of
Japanese Finance Minister Shunichi Suzuki speaks during the presidency press conference at the G7 meeting of finance ministers and central bank governors, at Toki Messe in Niigata, Japan, Saturday, May 13, 2023. "When there is an excessive movement, it may be necessary to smooth it out," he told CNBC's Dan Murphy, according to a translation. Japanese Finance Minister Shunichi Suzuki on Friday backed currency interventions by his country's policymakers if the yen moved in sharp directions that started to impact households and companies. The finance minister declined to comment when asked whether current levels for the yen were appropriate. In the last few decades, while other global central banks have tightened their policies, Japan had maintained its ultra-loose strategy.
Persons: Shunichi Suzuki, CNBC's Dan Murphy, they've, Nicholas Smith Organizations: Toki, Japanese Finance, CNBC Locations: Niigata, Japan, Tbilisi , Georgia, propping
An undated photographic illustration of Japanese yen and the U.S. dollar bank notes. The yen touched 160.03 against the greenback on Monday, for the first time since 1990, but strengthened to 156 levels later that day amid speculation about an intervention by Japanese authorities. Japanese authorities are yet to issue an official statement confirming their role in propping up the currency. In the last few decades, while other global central banks have tightened their policies, Japan had maintained its ultra-loose policy, leading to concentrated carry trades in the Japanese yen. Market participants believe Japanese authorities will intervene further to prop up the currency.
Persons: Glowimages, they've, Nicholas Smith, Kazuo Ueda, Edward Yardeni Organizations: U.S, Glowimages, CNBC, Bank of America Global Research, Bank of Japan, Bank of, Federal Reserve, Yardeni Research Locations: propping, Japan, U.S, Bank of Japan
Now, the Supreme Court will consider whether the prosecutors’ interpretation of the law can be used against the rioters and whether the convictions already secured will stick. The charge at issue in the Supreme Court case stems from a law Congress enacted in response to a series of corporate accounting scandals, including the 2001 Enron debacle. The case before the Supreme Court involves only that last charge. All three defendants appealed to the Supreme Court, but the justices granted only Fischer’s case. In a filing last week at the Supreme Court in Trump’s immunity case, Smith argued the obstruction charge should stick against Trump even if Fischer wins.
Persons: Donald Trump, Jack Smith, Trump, , Claire Finkelstein, ” Trump, Fischer, Stormy Daniels, , Joe Biden’s, Critics, Joseph Fischer, texted, ” Fischer, Nicholas Smith, Smith, Randall Eliason, Clarence Thomas, Ginni Thomas, Thomas, Ruth Bader Ginsburg, Samuel Alito, Eliason, Antonin Scalia, ” Eliason Organizations: CNN, Capitol, ” Prosecutors, Trump, Justice Department, University of Pennsylvania Carey Law School, Enron, Prosecutors, Appeals, DC Circuit, George Washington University, White Locations: Pennsylvania, New York, , Colorado
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrategist discusses shareholder activism and cross-share holdings in JapanNicholas Smith of CLSA discusses the "enormous story" of shareholder activism going on in Japan and why Japanese stocks would benefit from unwinding their cross-share holdings.
Persons: Japan Nicholas Smith, CLSA Locations: Japan
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect 'significantly higher' wage hikes from Japan's spring negotiations this year: CLSANicholas Smith of CLSA weighs in on Japan's labor market and explains uneven wage movements between small and large companies.
Persons: CLSA Nicholas Smith, CLSA
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of Japan could surprise in its upcoming meeting, strategist saysNicholas Smith, Japan strategist at CLSA, discusses expectations for the central bank's Oct. 31 meeting and the bond market.
Persons: Nicholas Smith Organizations: Email Bank of Japan Locations: Japan
The logo of Toshiba Corporation is displayed at the company's building in Kawasaki, Japan, April 5, 2023. The top two deals this year, Toshiba Corp (6502.T) and JSR Corp (4185.T), had activists on their rosters. The strong M&A market comes as two long-standing obstacles to Japanese dealmaking - reluctance towards unsolicited takeovers and difficulties in cutting overlapping jobs in post merger integrations - may be fading. "Previously, excess employment issues held back M&A, because cutting overlapping headcount is the primary way M&A cuts costs and raises returns," Smith said. "As the labour shortage bites, expect M&A to surge as companies start being targeted as labour reservoirs."
Persons: Androniki, LSEG, David Gross, Loh, Jim Verbeeten, Shinsuke Tsunoda, " Bain Capital's Gross, Nicholas Smith, Smith, Makiko Yamazaki, Kane Wu, Sumeet Chatterjee, Stephen Coates Organizations: Toshiba Corporation, REUTERS, Toshiba, Bain Capital Asia, Bankers, Tokyo bourse, Toshiba Corp, JSR, Bain & Company, Nomura Securities, Marelli Holdings, KKR, Nidec Corp, Thomson Locations: Kawasaki, Japan, TOKYO, HONG KONG, Tokyo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Bank of Japan has been 'wrong-footed' in its inflation forecasts, strategist saysNicholas Smith, Japan strategist at CLSA, says "when you are a country with as much debt as Japan, allowing inflation to get out of control, I think, is particularly dangerous."
Persons: Nicholas Smith Organizations: of Japan Locations: Japan
Bank of Japan Governor Kazuo Ueda arrives to conduct an interview with a small group of journalists in Tokyo on May 25, 2023. Richard A. Brooks | AFP | Getty ImagesAnalysts are split over the Bank of Japan's moves after the country's core inflation came in above the central bank's target of 2% for the 15th straight month. CLSA Japan strategist Nicholas Smith is of the view that the BOJ has been "wrong-footed" on inflation. Under the YCC policy, the central bank targets short-term interest rates at -0.1% and the 10-year government bond yield at 0.5% above or below zero, with the aim of maintaining the inflation target at 2%. To Smith, there is "plenty of probability" for the BOJ to shift its stance on YCC at the next central bank meeting next Friday.
Persons: Kazuo Ueda, Richard A, Brooks, Nicholas Smith, Smith, CNBC's, Tetsufumi Yamakawa, Yamakawa, I've Organizations: Japan, AFP, Getty, Bank of, Reuters, Barclays Locations: Tokyo, Japan
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKishida wants the next Bank of Japan governor to be a 'hawk,' says strategistNicholas Smith of CLSA says Japanese Prime Minister Fumio Kishida's "support rate is getting hammered because of … inflation."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of Japan's next governor is likely to be a lot more hawkish than Kuroda, strategist saysNicholas Smith of CLSA says the Japanese people are angry that wages have stagnated despite inflation.
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