Nachrichten aus Japan

verfasst von JüKü, 28.12.2001, 10:16

~ Japanese government bond (JGB) prices slid to four-week lows on Friday, with market sentiment weighed partly by a newspaper report that a regional bank is on the verge of collapse. Some dealers said the Nihon Keizai Shimbun's report that Ishikawa Bank, a regional unlisted financial institution, was expected to file for bankruptcy, was weighing on the market."If that were to turn into a series of bankruptcies, there is a feeling that public funds will be needed in the banking sector," said a dealer at another Japanese bank.

~ Concern that the weakening yen might spark a sell-off of yen-denominated assets, a topic of market speculation in recent weeks, took a back seat as the currency seemed to be holding its own at around 131.32 in late morning.
"A fall to below 135 yen to the dollar would be a shock, but I don't think that is going to happen," said the Japanese bank dealer.

~ Another set of gloomy data on Japan's economy released in the morning had little supportive effect on the JGB market since it was largely in line with expectations. Unemployment rose to a new record high of 5.5 percent from 5.4 percent in October.

~ Consumer prices continued to decline. The nationwide core consumer price index fell 0.8 percent in November from a year earlier, dropping for the 26th straight month.

~ In the short-term money markets, key unsecured overnight call money was offer-only at 0.001 percent in early trade, with fund-raising requirements very low ahead of the holidays.


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• Nachrichten aus Japan - JüKü, 28.12.2001, 10:16