Japan Inc's earnings outlook brightens under 'Abenomics'
News On Japan via Reuters -- Jan 25
The yen's steep decline has burnished the outlook for Japanese stocks, prompting analysts to raise profit forecasts for currency-sensitive exporters and foreign investors to plough $17 billion into the market, the biggest monthly inflow since 2010.
With 60 percent of Japan's listed companies focused on exports, firms ranging from camera maker Nikon Corp (7731.T) to air-conditioner group Daikin Industries Ltd (6367.T) are basking in the prospect of a one-off currency boost and the chance to price their goods more competitively.
The yen has fallen about 11 percent against the dollar to around 89 yen since mid-November, reflecting new Prime Minister Shinzo Abe's push for aggressive policy action to weaken the local currency and revitalize the economy. Investors will be looking for signs that the yen's decline is bolstering profits when the quarterly earnings season kicks into gear next week.
China's television regulator has ordered a crackdown on dramas about the country's battles with Japan during and before World War Two and demanded they be more serious, state media said on Friday, following viewer complaints about ludicrous storylines. (Reuters )
Shukan Post (May 24) conveys the difficulties experienced by other parts of the adult-entertainment biz in servicing customers from the communist nation.
A deri heru (“delivery health”) call-girl tells the tabloid that she is often requested to arrive at major hotels in the Shinjuku and Ikebukuro entertainment areas of Tokyo by Chinese visitors. (Tokyo Reporter)
Police on Friday said that a real estate company employee was stabbed by an unknown assailant in the lobby of an office building near JR Akihabara station. The man is currently in a serious condition in hospital. (Japan Today )