Singapore!

singapore_skyline
Singapore, Singapore, S’pore…
Yes, the city has been talked about in the investor community, but that region is on our radar.
Did you know that Singapore is the “Republic of Singapore”, and is a sovereign city-state as is Rome, London, and Washington DC?
Additionally, the City-State has the largest port in the region, one of the busiest in the world and some people think Singapore and Hong Kong appear to be competing for the a new global gold price benchmark  (with the assistance of the most famous gold investors Mr. Jim Sinclair), see the newly announced opening of the Shanghai Gold Exchange (SGE). Those investors are hoping to see global gold price competition between London and New York on the one hand and the increasingly powerful eastern hubs of Singapore, Shanghai and Beijing on the other.

We are not focused on precious metals for this post.

Asia is dynamic, with territorial disputes, shift of power (banking/commerce) from WEST to EAST, greatest energy consumption, and many other commercial elements that the Bankers have identified for claiming the Asia Pacific region will become the center of finance. Who would know about the global economic reset, but the central bankers themselves? When the bankers are talking about headquarters moving to the EAST then it should be taken seriously as a plan they are pursuing.
Note: George Osborne announced that the UK is to be the first Western, or non- China, state to issue a renminbi bond, fueling the speculation in the potential of the RMB to become the main global reserves currency.
The top five financial centers, according to GFCI – Global Financial Centres Index, are London, NY, Hong Kong, Singapore and Zurich.
Our Malaysia interest was kindled after the Kuala Lumpur 9/11 Tribunal.
Now, most of the Western world is interested in Malaysia most likely due to the recent Malaysia Airliner mishaps MH370 and MH017. The obvious question for criminal investigators and researchers should be was there a geopolitical connection?
We have not ruled this possibility out.
Asia’s use of the RMB and the emergence of the BRICS’ version of Society for Worldwide Interbank Financial Telecommunication (SWIFT) financial transaction system, offers a financial leadership platform not located in the WEST.
The global monetary system could effectively be “reset” in the EAST, with the BRICS and SCO nations driving the enthusiasm for it. London apparently is preparing with their recent RMB agreements with China.

Something BIG is happening and we need your help in finding what it is. Keep keen awareness on the finance ministers, G20 Summit, nations’ foreign currency reserves, BRICS, central banks, and money activities in general.
You know the Maxim “Follow the Money” in criminal investigations. ~Ron

portcontainers_Singapore

Legal community urged to cater to needs of financial institutions

IT is very important for Singapore’s legal sector to be able to cater to the needs of banks and financial institutions as the Republic further develops as one of the top five financial centres in the world.

Law Minister K Shanmugam made this point at Friday’s launch of the National University of Singapore’s NUS Centre for Banking & Finance Law.
He said that the banking and financial sector is one of the key planks of the Singapore economy – contributing about 12 per cent of the nation’s gross domestic product and creating just under 200,000 jobs. The Republic is home to 200 banks and 700 financial institutions.

READ FULL: singaporelawwatch.sg

.

Sydney losing battle to become a leading financial centre

By James Eyers September 25, 2014

Sydney is failing in its quest to become a global financial centre, with a new report showing it has quickly fallen behind big Asian cities in a world ranking, raising questions about the efficacy of the federal government’s tax settings and levels of regulation.

The interim report of the financial system inquiry being chaired by David Murray said “coordination of Australia’s international financial integration could be improved”.

According to the Global Financial Centres Index, published by the Z/Yen Group this week, Sydney is ranked 23rd in a global survey of desirable global financial centres.

Read Full: http://www.smh.com.au/business/the-economy/sydney-losing-battle-to-become-a-leading-financial-centre-20140925-10lscq.html
.

S’pore enhances role as top offshore renminbi centre

New yuan futures contract, supported by Bank of China, will start trading on S’pore Exchange next month

Published: 4:03 AM, September 20, 2014

SINGAPORE — The Republic’s position as one of the major offshore renminbi (RMB) centres will receive another boost come next month as a new yuan futures contract, supported by the Bank of China (BOC), will start trading on the Singapore Exchange (SGX), amid a surge in global demand for trading and products denominated in the Chinese currency.

The RMB market here has grown strongly following the launch of RMB clearing arrangements in May last year, noted Senior Minister of State (Finance and Transport) Josephine Teo. RMB deposits in Singapore have increased from 138 billion yuan (S$28.4 billion) in June last year to 254 billion yuan (S$52.3 billion) a year later, statistics by the Monetary Authority of Singapore showed.

READ FULL: todayonline.com

.
RELATED:
https://ronmamita.wordpress.com/2013/11/02/after-closely-listening-to-many-wealthy-people/
https://ronmamita.wordpress.com/2014/08/14/mh17-the-false-flag-that-failed/
https://ronmamita.wordpress.com/2014/07/21/what-really-happened-to-mh17-an-open-source-investigation/
https://ronmamita.wordpress.com/2013/11/26/thailand-uprooting-wall-streets-proxy-regime/
https://ronmamita.wordpress.com/2014/09/22/follow-the-money-petro-yuan-petro-dollar/
https://ronmamita.wordpress.com/2014/09/20/mainstream-globalist-propaganda-reveals-eastwest-conflict-is-a-farce/
https://ronmamita.wordpress.com/2014/09/20/is-bricss-development-bank-similar-to-world-bank/
_________________________________________________________

About

Want Worldwide PEACE and Prosperity. We are the solution we have been searching for... Free People of Earth will solve our crisis and create an era of Creativity. Be at Peace; Be Aware; Be Creative; Be Active; Be Free and Alive; and then Share it. LOVE & Peace AMOR y Paz

Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Freedom-Expressed
15 comments on “Singapore!
  1. merahza says:

    Reblogged this on Amanah Satu – Malaysia and commented:
    … “Republic of Singapore”, and is a sovereign city-state as is Rome, London, and Washington DC? … Yes and No. It was kicked out of Malaysia and is just an island state, but still a “pain in the arse” for Malaysia and Indonesia. Had it been allowed to remain in Malaysia, it would have have been the parasite hogging on the host. Dr. Mahathir the ex P.M. of Malaysia put a check on this parasite, but some of these checks have been overturned by his successors Abdullah and Najib. Mahathir is mad with both of them. Singapore military and air force are trained by Israel, and that says so much for Singapore. Malaysians are very wary of Singapore, the eye of the cabal/US in this region.

    • RonMamita says:

      Yes, I hope I did not give the impression that Singapore was part of Malaysia, I was talking about our interest in region, and also more broadly about Asia-Pacific.

      The Kuala Lumpur 9/11 Tribunal, that may have been in 2012 when I saw the video, certainly fired up my interest in the Asia-Pacific.
      Thank you for that clarification and political insight!
      Interesting, indeed as Singapore is a bankster heavyweight, alongside Hong Kong and others.

      Does S’pore have any territorial/border disputes?…Every other nation near China appears to have them.
      How much military power, or alliance agreements does S’pore have?
      With S’pore’s WEST connections and Huge RMB footprint, banksters could possibly manipulate the RMB when combined with the other time zones all the way up to London.

      • merahza says:

        Does S’pore have any territorial/border disputes? … Oh YES … the Pedra Branca dispute: http://en.wikipedia.org/wiki/Pedra_Branca_dispute . They are on land refils too at the Johore Straits to expand and thus squeeze the already narrow straits between the island and Malaysia. Besides that there are other issues like Malaysian water supply price and the Malaysian railway land on the island…as I said, its a “pain in the arse” for Malaysia. All in all we can handle it and still trying to keep things ‘friendly’ for peace sake…but of course, until we reach a boiling point?

        • RonMamita says:

          Great breadcrumb you shared for me to follow up on, thank you!

          If military interventions escalate I think it very likely many borders will be redrawn!
          “Never allow an emergency to go to waste.” Some will react on the opportunity (China, and Japan are obvious suspects)…

          • merahza says:

            …yes, and don’t forget the US. I heard rumors that they’re trying to set up US naval base there, but its low-keyed as not to alarm the other ASEAN members. Malaysia is the thorn for the cabal and Singapore…look at the Malaysian Airlines incident…?

        • RonMamita says:

          S’pore’s Big Guns

          “Singapore, one of Asia’s smallest countries thinks big when it comes to defense.
          Between 2008 and 2012 the city-state, with a population of just 5.3 million, was the world’s fifth-largest arms importer, according to the Stockholm International Peace Research Institute. The wealthy Southeast Asian country consistently allocates about 20 percent of national spending to defense, analysts say.” – http://www.cnbc.com/id/101393982

          More details found:
          http://www.globalfirepower.com/country-military-strength-detail.asp?country_id=singapore

          They seem to be a heavily armed paranoid bunch…

  2. It doesn’t surprise me that banks and banksters have a special interest in Singapore, the world’s smallest police state. The hyped up security has transformed it into a sterile, conformist Disneyland where they throw you in jail for littering. At least according to friends who have been there.

    • RonMamita says:

      Next False Flag Banking Crisis…

      From all this Open source Intel, I foresee that when the emergency orders are given S’pore will be one of the lit fuses to explode on the news with important developments…
      Militarily and Financially.

      As major Financial Centers for the Banksters, Singapore and Hong Kong are on our “watch” list. We wish to find more AWARE People in all regions on Earth, including Singapore and Hong Kong.

      Next banking crisis false flag ops Asia Pacific?
      We will not be surprised wherever it occurs.

    • RonMamita says:

      “Disperse Or We Fire”- Hong Kong Police Fire Tear Gas At Protesting Students

      http://www.rte.ie/news/2014/0928/648509-hong-kong-police-barricade-streets/
      .
      Hong Kong returned to Chinese rule in 1997 under a formula known as “one country, two systems” that guaranteed a high degree of autonomy and freedoms not enjoyed in mainland China. Universal suffrage was set as an eventual goal.

      But Beijing last month rejected demands for people to freely choose the city’s next leader, prompting threats from activists to shut down Central.

      China wants to limit elections to a handful of candidates loyal to Beijing.

      While promising a fresh round of public consultation, Leung also described Beijing’s decision as “legally binding”.

      Publishing tycoon Jimmy Lai, a key backer of the democratic movement, said he wanted as big a crowd of protesters as possible, after a week of student demonstrations, to thwart any crackdown.

      “The more Hong Kong citizens come, the more unlikely the police can clear up the place,” said Lai, also wearing a plastic cape and workmen’s protective glasses. “I believe more Hong Kong citizens will show up later on Sunday.”

      http://www.rte.ie/news/2014/0928/648509-hong-kong-police-barricade-streets/

  3. RonMamita says:

    China News

    Chinese FM calls for UN’s leading role in global war on terrorism

    Sept. 24 (Xinhua) — Chinese Foreign Minister Wang Yi said here Wednesday that the United Nations and its Security Council should play a leading role in the global war on terrorism.

    While speaking at a UN Security Council summit on terrorism, Wang underlined that as terrorism raises its ugly head once again, the international community must adhere to the practices that have been proven effective and abide by international law and norms governing international relations.

    “First, we must ensure sound coordination,” he stressed.

    “The United Nations and its Security Council have to play a leading role in the global war on terrorism,” he said. “This is the only way to maintain unity, achieve effective coordination and take concerted actions.”

    Secondly, Wang noted, the international community must adopt a multi-pronged approach.

    “The global war on terrorism should be fought with an integrated approach that includes measures taken in the political, security, economic, financial, intelligence and ideological fields with a view to addressing both the symptoms and root causes of terrorism, especially removing its root causes and breeding ground, ” he said, adding that military actions must comply with the UN Charter and the relevant Security Council resolutions.

    http://news.xinhuanet.com/english/china/2014-09/25/c_133670152.htm

    India, China Serious About Climate Change, Says UN Official

    WASHINGTON: A top UN official has played down the absence of the heads of state of India and China from the Climate Summit in New York this week, saying the two countries are very serious about an agreement on global warming.

    UN Secretary-General Special Envoy on Climate Change Mary Robinson said: “China believes that a very senior representative is coming, the vice premier, the third in the Chinese establishment and the first on climate and development issues. So, they regard that as being very senior.”

    “And in the case of Prime Minister (Narendra) Modi, he’s coming to the General Assembly, and I’m sure he will reference climate later (in his address to the UN General Assembly),” Robinson said in an interviewed to PBS news channel.

    The top UN official said “the communications from both (India and China) have been, we do want a climate agreement, we’re very serious about it. So I don’t take it as being negative in that sense.”

    http://www.newindianexpress.com/world/India-China-Serious-About-Climate-Change-Says-UN-Official/2014/09/25/article2448846.ece

    WRAPUP 1-China steel demand shrinks for first time in 14 years as slowdown stings

    * Apparent crude steel consumption down in Jan-Aug

    * Iron ore supply has exceeded demand in China

    * Global ore miners convinced Chinese demand will remain firm

    DALIAN, China Sept 25 (Reuters) – China’s steel consumption dropped this year for the first time since at least 2000 due to slower economic growth, leading to a surplus of iron ore in the country and a more than 40 percent plunge in prices of the steelmaking raw material.

    But top global miners like Vale and Rio Tinto , which have invested billions of dollars to ramp up output to sell more iron ore to China, are still convinced that Chinese demand has yet to peak with an urbanisation drive there expected to last at least another decade.

    http://www.cnbc.com/id/102031795

    ADB Cuts Growth Forecast for SE Asia; China Steady

    The Asian Development Bank trimmed its economic growth forecast for Southeast Asia this year and next due to slower domestic demand in some of its bigger economies. Its forecasts for China, the world’s second largest economy, were unchanged.

    Southeast Asia’s growth this year is now projected at 4.6 percent, down from an earlier forecast of 5.0 percent and actual growth of 5.0 percent in 2013, the development lender said Thursday.

    Gross domestic product growth is expected to slow in Indonesia, the Philippines, Singapore, Thailand and Vietnam, but pick up in Malaysia where exports have rebounded.

    Next year, better performance of major industrial economies and Thailand’s recovery from its slump are forecast to spur Southeast Asian growth to 5.3 percent. ADB’s earlier forecast was 5.4 percent.

    The bank said 45 developing countries in Asia still comprise the world’s fastest growing region and its stable growth masks shifting fortunes across subregions.

    China is still expected to grow 7.5 percent this year and 7.4 percent in 2015, as the bank projected in April.

    “Slowing external demand has hurt some economies in the region but as a whole Asia and the Pacific is on track for firm growth in 2014 and 2015,” said Shang-Jin Wei, ADB’s chief economist.

    http://abcnews.go.com/International/wireStory/adb-cuts-growth-forecast-southeast-asia-25744227

    Structural reforms more important than growth in China: ADB

    BEIJING – Steady consumption and rising external demand will support economic growth in China this year, especially if the government continues its accommodating macroeconomic policy package, the Asian Development Bank (ADB) said in Beijing on Thursday.

    According to the Asian Development Outlook 2014, ADB’s annual publication, its growth forecast for China’s gross domestic product (GDP) was unchanged at 7.5 percent in 2014 and 7.4 percent in 2015.

    “At this critical juncture in China’s transition, carrying out the government’s announced structural reforms is more important than meeting the growth target,” said ADB’s chief economist Shang-Jin Wei.

    http://www.chinadaily.com.cn/business/2014-09/25/content_18663099.htm

    China climate change: As we were indicating in our previous daily briefings, not only China has taken genuine actions to move toward more reforms but also the leadership has taken steps to help climate change. This has started when the social media has put mounting pressure after the episode of excessive pollution in Shanghai (beginning 2013, ahead of the Communist Party Congress).

    China: ADB chief economist Shang Jin Wei said “At this critical juncture in China’s transition, carrying out the government’s announced structural reforms is more important than meeting the growth target,”. This is in line with our views and the evidences are indicating that China is doing executing the reforms. The IV-plenum is likely to bring more focus from the Western media to the governance improvement and the move toward a rebalanced economy.

    But even if the reforms are more important we do not see the government changing its GDP target in the near term. The government is fearing that the economic rebalancing has not taken momentum yet although 1) labor intensive manufacturers are relocating in cheaper labor countries, 2) businesses are upgrading their business models, 3) President Xi has conducted many trade – investment agreement with Neighbours (after Premier Li did the same in Africa) to secure investment projects which use Chinese manpower – engineers know-how in this domaine, 4) China is gaining more military presence and has fluxed it mussels – e.g. China “Top Gun” intercept by a US fighter jet -, 5) China has signed many RMB agreement which reinforce the currency usage and prepare its full liberalisation – after Free Trade Zones (FTZ) have proven to be a success -, 6) China has undertaken a genuine fight against bad governance and better regulation – many examples in our recent daily briefings of fight against corruption and bad governance-. We see in FinMin Lou Jiwei comment an indication that not only China wants to create a reserve currency it does want it to be strong when Chinese leaders perceive the heavy pressure place on USD by a category of investors to avoid debasing the currency through deficit financing – although we consider that this worry is misplaced -.

    Australia News

    Temporary Protection Visas: What does the Government’s new legislation package involve?

    Immigration Minister Scott Morrison has introduced legislation to Parliament to resurrect temporary protection visas (TPVs) and create a new visa called a safe haven enterprise visa (SHEV).

    The Coalition has struck a deal with the Palmer United Party to try to ensure the legislation passes the Senate.

    Mr Morrison has stressed that neither TPVs nor SHEVs allow for permanent settlement in Australia and will, therefore, not act to encourage the people smuggling trade.

    http://www.abc.net.au/news/2014-09-25/what-the-governments-new-asylum-seeker-legislation-proposes/5769634

    BHP is not only leaner, it’s greener

    The environmental report that BHP Billiton releases with its annual report shows that the giant group casts a long shadow. No surprise there. The progress that BHP has made in the past decade is amazing.

    Rio Tinto has made similar environmental progress and runs the same aggressive production strategy, and the ramifications of BHP and Rio production increases are apparent in the iron ore market. Iron ore prices have fallen as BHP and Rio have expanded their low-cost production. Higher-cost production in China and elsewhere has become uneconomic and is being suspended, handing BHP and Rio market share.

    http://www.smh.com.au/business/comment-and-analysis/bhp-is-not-only-leaner-its-greener-20140925-10lwdu.html#ixzz3EOQpw4a3

    BHP’s US corruption probe nears settlement

    Australia’s biggest company, BHP Billiton, has indicated it is close to settling a long-running corruption probe by US regulators.

    BHP has been under investigation by the United States Securities and Exchange Commission since 2009 over claims it breached anti-corruption rules by providing corporate hospitality to government officials at the Beijing Olympic Games.

    There have been separate claims surrounding BHP’s handling of an exploration permit, which is believed to a bauxite project in Cambodia that is no longer under development by the company.

    http://www.smh.com.au/business/bhps-us-corruption-probe-nears-settlement-20140925-10ly48.html#ixzz3EORB6J2h

    Tough new terror laws clear the Senate

    Australian spies will soon get stronger powers to help fight against terrorism.

    The government’s first tranche of tougher anti-terrorism laws, which beef up the domestic spy agency’s powers, passed the Senate on Thursday with bipartisan support.

    Anyone who identifies an ASIO agent could also face a decade in prison under the new laws, a tenfold increase in the existing maximum penalty.

    Attorney-General George Brandis said in a “newly dangerous age” it was vital that those protecting Australia were equipped with the powers and capabilities they needed.

    The bill will now be sent to the House of Representatives, where passage is all but guaranteed.

    The legislation addresses a number of recommendations of a bipartisan joint parliamentary inquiry into Australia’s national security laws.

    http://news.smh.com.au/breaking-news-national/tough-new-terror-laws-clear-the-senate-20140925-3gn4r.html

    Australia: Australia continues to be seen, by markets, as a derivative to the old Chinese model (i.e. commodity provider). This view explains the high beta between Australian assets and commodity prices (or China demand for commodities). This assumes that neither China nor Australia are conducting their rebalancing agenda. We do believe that the curent weaknesses offers genuine opportunity to benefit from the other drivers to the Australian economy which are not related to commodities. We see the current Australian Dollar weakness to continue at least until the USD start to weaken again when markets will realise that it has beaten too much on a quick rate normalisation. Meanwhile, from our previous daily briefing, we have gathered sufficient support to the view that the drivers of the Australian GDP are moving toward: 1) education, health and finance services provider to Asian neighbours, 2) innovation and digital sector, 3) energy resources export to Japan (the later contributes to our constructive view that the current negative Japan Energy Trade deficit will rebalance in the medium term – reducing Japanese Government bonds solvency risk – ).

    New Zealand News

    Dairy payout cuts fuel concerns for New Zealand economic growth

    WELLINGTON, Sept. 24 (Xinhua) — Dairy giant Fonterra announced Wednesday it is looking to slash payouts to New Zealand’s pillar dairy farming sector on the back of weakening global demand, prompting concerns over New Zealand’s economic growth.

    Fonterra Co-operative Group Ltd. cut its forecast farmgate milk price for the 2014-2015 season from 6 NZ dollars (4.84 U.S. dollars) to 5.30 NZ dollars (4.28 U.S. dollars) per kilogram of milk solids.

    Chairman John Wilson said the lower forecast reflected continuing volatility, with the Fonterra’s GlobalDairyTrade price index falling 6 percent in the past two fortnightly auctions.

    http://news.xinhuanet.com/english/business/2014-09/24/c_133668322.htm

    New Zealand: Fontera payout cuts fuel concerns over NZ economic prospects. This increases the pressure on new PM Key Cabinet to accelerate the green shots of rebalancing and reforms. We have been indicating that NZ has already started a genuine shift toward new Tech agriculture, health and education services directed to Asian neighbours.The fact that PM Key secured another term supports our constructive scenario on NZ..

    Japan News

    Japan, U.S. remain apart in trade talks, dealing blow for TPP

    (Reuters) – Japan and the United States failed to make progress in bilateral talks, both sides said on Wednesday, dealing a blow for hopes of sealing an ambitious multilateral trade deal this year.

    “Japan made a flexible proposal, but we weren’t able to make further progress,” Trade Minister Akira Amari told reporters on Wednesday evening after two days of talks in Washington. “Further negotiations are undecided.

    Amari met with U.S. Trade Representative Michael Froman, who last week urged Tokyo to ramp up efforts to break the standoff between the two biggest economies in the 12-country Trans-Pacific Partnership.

    http://uk.reuters.com/article/2014/09/25/uk-japan-trade-usa-idUKKCN0HK04W20140925

    Japan, North Korea to meet next week on abductees

    TOKYO (Reuters) – Japanese and North Korean officials will meet next week for an update on the North’s probe into the fate of Japanese citizens it kidnapped decades ago, Japan’s top government spokesman said on Thursday.

    North Korea agreed in July to reopen an investigation into the fate of Japanese citizens it kidnapped in the 1970s and 1980s to help train spies, prompting Japan to ease some sanctions on the North.

    http://af.reuters.com/article/worldNews/idAFKCN0HK0HU20140925

    Japan, China hold second maritime affairs talks, with isles row on agenda

    Japan and China have held their second intergovernmental talks on maritime affairs to discuss security and crisis management in the East China Sea, including waters around the Japan-controlled Senkaku Islands, the Foreign Ministry in Tokyo said.

    http://www.japantimes.co.jp/news/2014/09/25/national/japan-china-hold-second-maritime-affairs-talks-isles-row-agenda/?utm_source=rss&utm_medium=rss&utm_campaign=japan-china-hold-second-maritime-affairs-talks-isles-row-agenda#.VCTvMSuSzQs

    “Japanese, Australia reaffirm close ties for regional peace”

    NEW YORK, Sept. 24 (Kyodo) −− Japanese Prime Minister Shinzo Abe and his Australian

    counterpart Tony Abbott agreed Wednesday to work closely together to maintain peace and stability

    in the Asia−Pacific region, along with India and the United States.

    “First of all, trilateral cooperation between Japan, Australia and the United States is very important

    for peace and stability in the region,” Abe was quoted by a Japanese government official as telling

    Abbott in their meeting in New York.

    http://espy.worldclip.net/image/U2FsdGVkX18W5iW3-nyee1ttIQgG_YdkGKWLdyHD4bRtmBctvvQ4IvO865sHJARLZKXLnCWCQF0R8B8OborG_XSpIevfavAf

    In Abenomics’ shadow, Japanese women fight ‘maternity harassment’

    Prime Minister Shinzo Abe has talked up the role of women in his push to revive a weak economy, pledging they would occupy 30 percent of all leadership positions by 2020, but Osakabe and others say the reality for regular female workers is bleak.

    “Rather than focusing on a small portion of elite women who are top managers, I’d like them to start by dealing with problems affecting women like us at the bottom,” the 37-year-old Osakabe said.

    http://www.cnbc.com/id/102030611

    S&P affirms ratings on Japan but outlook remains negative

    Tokyo (AFP) – Standard & Poor’s said Thursday that it had affirmed its long-term sovereign credit ratings on Japan at ‘AA-‘ but the outlook remained negative, despite efforts to boost the nation’s growth, dubbed Abenomics.

    S&P also affirmed its short-term unsolicited sovereign credit ratings on the world’s third largest economy at ‘A-1+’. “Our ratings on Japan balance the country’s strong external position, its prosperous and diversified economy, political stability, and its stable financial system against a very weak fiscal position that the country’s ageing population and persistent deflation exacerbate,” S&P said.

    http://www.businessinsider.com/afp-sp-affirms-ratings-on-japan-but-outlook-remains-negative-2014-9#ixzz3EOUcao9D

    [From yesterday report]

    Forex – Dollar slips lower vs. yen after Abe remarks

    Investing.com – The dollar moved lower against the yen on Wednesday after Japanese Prime Minister Shinzo Abe voiced concerns over the economic impact of recent weakness in the yen.

    http://www.nasdaq.com/article/forex-dollar-slips-lower-vs-yen-after-abe-remarks-cm394254#ixzz3EOVRdyUh

    Japan: economic softening raises question about whether Japan will pursue a 2nd VAT hike later this year. PM Abe indicated that he was waiting for more economic data, but we believe that Japan will move ahead although it may be in steps (split the 2nd hike in different sub-steps). We see BoJ keeping the bazooka of QQE-2 un-tested until the JPY excessive depreciation and JGB solvency risk came down * investors are still short JGB expecting a Japan crisis *. The 2nd VAT hike will require some stabilisation at the current levels, though we expect that PM Abe will undertake the 2nd hike in steps, because BoJ is unlikely to be sufficiently confident to move ahead with more QQE while JPY is accelerating its depreciation. PM Abe voiced concerned over the JPY rapid depreciation, as he pointed (rightly in our opinion) to the increase in energy cost, which deteriorate further the energy trade deficit – and increase the risk of JGB solvency -.

    But, BoJ might do some adjustment to its monetary program but nothing excessive. The news flow out of this weekend G20 meeting shows that the global community is gently pressing the government and the BoJ to pursue structural reforms, economic rebalancing, solvency improvement (through VAT 2nd hike commitment) and adequate monetary policy (not too hot – to avoid a crisis – not too cool – to avoid derailing the on-going portfolio rebalancing approach -). Japan continues to face heavy public pressure to rebalance its energy reliance to nuclear. While we believe that Japan will continue to press for reopening nuclear plants (when Nuclear Watchdog gives his green light), the medium to long term trend is that Japan will use Trade negotiation with neighbours to secure new energy sources while using this pressure to deregulate and move forward with Abenomics 3rd arrow (please see our Japan update for more on our views).

    The postponing of US-Japan trade partnership may become an issue should Japan postpone the current trend of market deregulation. We have been indicating earlier this year that the The time frame for TPP was very ambitious due to the US gridlock.

    About this report

    The report and analysis have been prepared using Quid a big data solution. This report focuses on the most important issues out of 10,000 articles produced by top contributors amongst 35,000 sources during the last 24hours (or from Friday 3am LDN to Monday 3am for Monday’s reports).

  4. RonMamita says:

    Under Currency Wars Engineering Emerges Global Currency

    Currency War! China Begins Trading with Euro!
    Posted 30 Sept 2014
    China will start direct trading between the yuan and the euro tomorrow as the world’s second-largest economy seeks to spur global use of its currency.
    Dethrone ‘King Dollar’
    United States dollar as the world’s reserve currency.
    The World Bank’s former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system.
    The World Bank’s former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system.
    Replace dollar with super currency: economist

Please Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 280 other followers

The Worldwide Wave of Action
Peaceful Global TransitionApril 4th, 2014
Exercise freedom and creativity for all Earth’s inhabitants to explore ready breakthroughs in Self Organizing Communities, economics, and technology. This is a D.I.Y. project
State Sponsored Terror
The Big Day ReportFebruary 2nd, 2014
Institutions of crime Big days have come and gone (government Elections, and Tax filing). Search for what is hidden and for what is not spoken. Be Aware of the next big Day for fraudulent institutions.
RonMamita
Peace Today

Peace Today

RonMamita’s Blog
September 2014
S M T W T F S
« Aug   Oct »
 123456
78910111213
14151617181920
21222324252627
282930  
All posts here
Whole-Community
Audio coming soon!
%d bloggers like this: