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LIST  February 2016

LIST February 2016

Subject:

Re: FT & WSJ on Abenomics

From:

Daiki Shibuichi <[log in to unmask]>

Reply-To:

NBR's Japan Forum <[log in to unmask]>

Date:

Mon, 15 Feb 2016 02:21:02 +0000

Content-Type:

text/plain

Parts/Attachments:

Parts/Attachments

text/plain (94 lines)

Perhaps Mr. McGill can compare FT headlines with
those of Nikkei Business Online (in Japanese):

Feb 13: 'There is nothing BOJ can do any more - 105 yen/a dollar in sight'
Feb 15: 'Central Banks are panicking (An article in which Jim Rogers lambasts BOJ)'

If the management of Nikkei Shimbun ties FT journalists, why wouldn't they do the same 
to journalists of Nikkei Business?


Daiki Shibuichi
Hong Kong


--------------------------------------------
On Sun, 2/14/16, Peter McGILL <[log in to unmask]> wrote:

 Subject: [NBR's_Japan_Forum] FT & WSJ on Abenomics
 To: [log in to unmask]
 Date: Sunday, February 14, 2016, 12:54 AM
 
 
     
Are the hands of Financial Times journalists
being tied by the new Japanese owners
of the paper, the Nihon Keizai Shimbun, when
it comes to reporting the plethora of problems
confronting Bank of Japan Governor
Haruhiko Kuroda and the government of Shinzo Abe? No
doubt the editors of the FT and the Nikkei will strongly deny, but it
certainly feels that way. 
     
This week's econiomic fallout for the Abe government and the BoJ has been
truly awful but you would never have guessed it from
reading the online FT. On Saturday I could find only
one story about the world’s
third-largest economy on either the global front
page, or the Asia-Pacific section.
One of the few FT Japan stories of note this week
quoted the CEO of Nomura blaming Japan’s
stock market meltdown on liquidation by overseas
sovereign wealth funds (in other words, foreigners were
responsible). 
     
Contrast this with arch-rival the Wall
Street Journal, owned by Rupert
Murdoch’s News Corp., which in the past few days
has been churning out reports
warning of dire consequences for ‘Abenomics.’
Here are a few of the Journal’s headlines:
‘Why Kuroda’s ‘Bazooka’
May Be Out of Ammunition’, ‘Market Meltdown
Threatens Japan’s Economic Revival,’
‘A Surging Yen is Washing Away the Bank of
Japan’ and ‘Nikkei Posts Largest
Weekly Percentage Drop Since Financial
Crisis.’ 
     
   
 An
 exception to the Journal’s wall of worry
 was a report stating that
 concern over Japan’s
 biggest bank, MUFG, is overblown and that it will
 emerge from the current storm
 looking just fine. I am sure this was most
 appreciated by MUFG.
          
 P McGill 
     
     
     
     
     
 
     
     
 
     
     
     
 
 
   
 
 
 
 
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