John Wiley & Sons Japanese Equities Cover An indispensable resource for anyone wishing to understand and successfully invest in the Nikkei. R.. Product #: 978-1-119-60366-5 Regular price: $39.16 $39.16 Auf Lager

Japanese Equities

A Practical Guide to Investing in the Nikkei

Naito, Michiro

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1. Auflage September 2019
192 Seiten, Hardcover
Wiley & Sons Ltd

ISBN: 978-1-119-60366-5
John Wiley & Sons

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An indispensable resource for anyone wishing to understand and successfully invest in the Nikkei.

Recent years have seen steady growth in investor interest in the Japanese equity market, the second largest in the world. Japanese Equities describes how the Nikkei works, explains its driving factors and presents a collection of insightful case studies to help you successfully invest in the market. Author Michiro Naito, a former equity derivatives/quantitative strategist for J.P. Morgan Securities Japan, helps you understand the ups and downs of the market and capitalise on its money-making opportunities.

Already a substantial part of many equity investor portfolios, the Nikkei exhibits characteristics that respond more sensitively to global economic conditions than other developed markets. This valuable book helps you grasp the idiosyncrasies of the market and correctly time investing decisions to maximise profits. This English translation of the original Japanese book includes additional chapters discussing recent political developments that influence the Japanese economy such as the re-election of Prime Minister Shinzo Abe, the trade policies of Donald Trump (the US-China trade war) and the difference in monetary policy between the Bank of Japan and the FED. This book:
* Offers a simple quantitative strategy to take advantage of the cyclical trends and repeating patterns of the Nikkei to attain desirable returns
* Explains how derivatives instruments affect the equity market, which is seldom covered in textbooks
* Highlights a quantitative approach supported by solid historical back-tests
* Discusses fundamental and technical factors that underlie the movement of the Japanese equity market
* Provides insights drawn from the author's decades-long research and experience working in the securities industry

Japanese Equities: A Practical Guide to Investing in the Nikkei is a must-have text for investors, hedge fund and pension fund managers, academics, researchers and students of international finance.

About the Author vii

Acknowledgments ix

Preface xi

Chapter 1 Macro Indicators and Seasonality 1

Chapter 2 Policy Impact 25

Chapter 3 Topics Derivatives 65

Chapter 4 Market Tops and Bottoms 93

Chapter 5 Other Market Movers 111

Chapter 6 September 2017-December 2018 145

Epilogue 165

Index 169
MICHIRO NAITO was as an equity derivatives/quantitative strategist for J.P. Morgan Securities in Japan from 2004 to 2017, specializing in Japanese equities. He previously worked in the US as an investment analyst for Teacher Retirement System of Texas, as a convertibles analyst at Merrill Lynch Japan and as an equity derivatives strategist at BZW Securities Japan. He holds a Ph.D. in theoretical nuclear physics from the University of Texas at Austin.

M. Naito, Osaka University