Gladiator Finance's Japanese Economic and Market - 12th November 2014

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By: Gladiator Finance Public Relations
 
Nov. 12, 2014 - PRLog -- At Gladiator Finance our aim is to provide innovative, highly customised and bespoke solutions and advice that are infinitely more personal and independent than any offered by your bank or other financial advisory firm.

Working from within a stable and highly regulated European environment, our highly skilled and experienced advisers offer standards of continuity and service that are so often missing from larger, albeit much less personal, banks and financial institutions.

Gladiator Finance's Japanese Economic and Market - 12th November 2014

Japanese stocks extended their gains again today to near 7 year highs as news that the Prime Minister Abe has confirmed he will postpone the implementation of the second Sales Tax increase.

This pushed the Nikkei 225 to 17,197.05 in intraday trading, following on from a substantial run of positive gains and news out of the world's 3rd largest economy.

The government will look to make a firm decision on whether the sales tax increase will go ahead after GDP data has been released on Monday next week. The data which will cover July to September will give a key indication as to whether the moves made by the Central Bank over the past few months have been enough to start to tackle their deflation worries.

The announcement comes a day after the BoJ confirmed they would be looking to purchase over $330mn worth of Exchange Traded Funds (ETF's) in an attempt to inject further cash into the system.

Japanese indexes have had a fantastic run over the past week as the government has made massive efforts to boost the economy. They have just increased their allocation of local shares in the state pension scheme from 12% to 25% and are looking at further stimulus if necessary.

The Japanese indexes can be very volatile and if they continue to see gains like they have over the past week we could see a major correction as profit taking will be the order of the day later this week.

Major Asian Indexes - 12th November 2014

Nikkei 225 - 17,197.05 (+0.43%)

Hang Seng - 23,860.82 (+0.22%)

SSE Comp - 2,474.48 (+0.19%)

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DISCLAIMER  The views, opinions, findings, and conclusions or recommendations expressed on this service are those of the author(s) and do not necessarily reflect the views of the Gladiator Finance. All market data within this release is for your general information and enjoys indicative status only. Gladiator Finance does not accept any responsibility for its accuracy or for any use to which it may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data.

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