Report
Joel Scheiman ...
  • Pelham Smithers

PSA Today July 23: JGB slide hits equities / BoJ policy change, or fake news? / Hitachi Chemical: Q1 weak, valuations modest – Nikkei -1.33%

Japan Market Comment by Pelham Smithers and Joel Scheiman
Nikkei ¥22,396.99 (-¥300.89 / -1.33%); Topix ¥1,738.70 (-¥6.28 / -0.36%); ¥/$111.00
Tags: Sony Financial (8729 JP), Sony (6758 JP), Tokyo Steel (5423 JP), Nidec (6594 JP), Hitachi Chemical (4217 JP)
Main Points at a Glance
• JGB slide hits equities
• BoJ policy change, or “fake news”
• Hitachi Chemical weak Q1 but valuations remain modest
Provider
Pelham Smithers Associates Ltd
Pelham Smithers Associates Ltd

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries. 

The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012. 

Analysts
Joel Scheiman

Pelham Smithers

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