Japanese mineral demand to get economic boost

• Autores: Wayne Yamada
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 548, 2013
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • "I'm confident that all the policies we need to achieve 2% inflation in around two years are now in place," he added, echoing Prime Minister Shinzo Abe's promise to also reach 2% inflation within two years.

    "A weaker yen is a mixed blessing. It raises import prices, especially raw materials, which is negative for consumer and corporate alike. It helps exporters that sell their goods in foreign currency. However, about 40% of Japan's exports are priced in the yen. Those exporters do not benefit from a weaker yen," he added.

    "It's encouraging that we're seeing cyclical sectors lead the rally. It's a healthy sign - investors believe the market can continue to run higher," Joseph Tanious, global market strategist at JP Morgan Funds, said.