W ramach artykułu wskazującego na mocno rosnące CDSy dla Japonii (Default Swaps Climb to Six-Month High Amid Record-Debt Sales: Japan Credit)
Costs to protect against a default by Japan reached a six-month high ahead of today’s sale of longer-dated notes and a record 144.9 trillion yen ($1.76 trillion) of bonds next fiscal year. [...] "Nobody can explain Japan’s low yields or strong currency from a fundamentals’ perspective,” said Ayako Sera, a strategist in Tokyo at Sumitomo Trust & Banking Co., which manages about $328 billion. “I’m very, very nervous about Japan’s finances.”[...]"The result of today’s auction shows Japanese bond investors have a different perspective from foreign credit- default swaps traders," Tetsuya Miura, chief market analyst at Mizuho Securities Co., said in a telephone interview today. "They do have concerns for the future, but they have to invest their cash at the end of the day." [..] Japan’s “fiscal policy management is deteriorating, and there is concern that long-term government bonds may not be digested as smoothly as they are now,” said Yusuke Ueda, head of credit research in Tokyo at Bank of America Merrill Lynch. “It’s unlikely that corporate CDS will stay low as Japan sovereign prices widen.” [...] “The rise is caused by hedge funds, especially those based in Asia,” Ueda said. “They are looking for a scenario to sell Japan.”
Oraz dodatkowo polecam art:(Japanese Housewives' Secret Savings Fall 18% to 3-Year Low on Food Costs):
Japanese housewives’ “secret savings” fell 18 percent to the lowest in three years in 2010 as slumping family incomes and rising prices for food and energy forced them to tap reserves, a survey shows. The value of so-called hesokuri, the cash and investments that housewives stash without telling their husbands, fell to an average 3.1 million yen ($37,700) in 2010 from 3.7 million yen a year earlier, the lowest since 2007, according to a Sompo Japan Insurance Inc. report published today. Women traditionally handle family finances in Japan, collecting their husbands’ paychecks and making investment decisions. [...] “Because they’re charged with household finances, housewives can tell where Japan’s economy is going,” Minoru Sugiyama, an official at Sompo Japan who helped lead the survey, said in an interview. “Japanese people will be more defensive this year after cutting expenses and facing falling income. Family finances and Japan’s economy seem to be getting worse.”[...]Household confidence has slumped for six straight months as the economic recovery loses steam. Japan’s gross domestic product contracted at an annual 0.8 percent pace last quarter after consumer stimulus programs ended, according to the median estimate of economists surveyed by Bloomberg. [...] Housewives gave their husbands a smaller share of this winter’s bonuses to spend, today’s report showed, with the allocation falling 5.5 percent from a year earlier to 69,000 yen, the lowest since 2003.