Tokyo a financial centre ? But until when...

Maciamo · Feb 4, 2003, 12:09

The Economist :Sayonara

Some observers, such as Alexander Kinmont, a strategist at Nikko Salomon Smith Barney in Tokyo, believe that global securities firms will soon no longer have departments for Japanese equities alone. Why, he asks, would anyone invest in Japan when next-door China is so much more inviting?

Japan's weighting in Morgan Stanley Capital International's world index, a popular benchmark among international institutional investors, has fallen from 31.2% at the end of 1990 to 8.8% today.

A lack of transparency in financial regulation has also reduced Japan's appeal compared with, say, Hong Kong or Singapore. Sudden changes in regulation have not helped. Last year a tightening of short-selling rules left brokers scrambling to adapt to the new regime. The government's habit of propping up stockmarkets from time to time, and its muddled policies in general, make investing unpredictable.

lineartube · Feb 5, 2003, 03:12

Hong Kong is in shambles, and Singapore is a strong candidate but don't forget Shanghai. If the Chinese ever go full capitalists, Japan willl be in serious troubles.

This remindes me of a last year wired article: The Hot Zone.

Tellklaus · Jun 10, 2003, 11:29

Well, that only applies when China "successfuly" changes into free democracy based capitalist society. Right now China seems to be the new "rising sun" of the century, but nothing can be said for sure. Nobody can perfactly predict the future.

Feb 4, 2003, 12:09	#1
Maciamo Decommissioned ex-admin Join Date: Jul 17, 2002 Location: Austrasia Posts: 6,647	Tokyo a financial centre ? But until when... The Economist :Sayonara Some observers, such as Alexander Kinmont, a strategist at Nikko Salomon Smith Barney in Tokyo, believe that global securities firms will soon no longer have departments for Japanese equities alone. Why, he asks, would anyone invest in Japan when next-door China is so much more inviting? Japan's weighting in Morgan Stanley Capital International's world index, a popular benchmark among international institutional investors, has fallen from 31.2% at the end of 1990 to 8.8% today. A lack of transparency in financial regulation has also reduced Japan's appeal compared with, say, Hong Kong or Singapore. Sudden changes in regulation have not helped. Last year a tightening of short-selling rules left brokers scrambling to adapt to the new regime. The government's habit of propping up stockmarkets from time to time, and its muddled policies in general, make investing unpredictable. __________________ Over 100 destinations in the Japan Sightseeing Guide + detailed Tokyo Guide and Kyoto Guide Eupedia : Your Guide to Europe in English Read the "Maciamo FAQ" "What is the use of living, if it be not to strive for noble causes and to make this muddled world a better place for those who will live in it after we are gone?", Winston Churchill.

Feb 5, 2003, 03:12	#2
lineartube free spirit Join Date: Oct 29, 2002 Location: Vila Franca de Xira/Portugal Age: 33 Posts: 389	Hong Kong is in shambles, and Singapore is a strong candidate but don't forget Shanghai. If the Chinese ever go full capitalists, Japan willl be in serious troubles. This remindes me of a last year wired article: The Hot Zone. __________________ Ln.

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Jun 10, 2003, 11:29	#3
Tellklaus Regular Member Join Date: Jun 9, 2003 Age: 23 Posts: 26	Well, that only applies when China "successfuly" changes into free democracy based capitalist society. Right now China seems to be the new "rising sun" of the century, but nothing can be said for sure. Nobody can perfactly predict the future.