Fumio Kishida: unfavourable for market participants?

Share:

Japanese stocks ended over 2% lower on Wednesday, following overnight losses on Wall Street because of heightened inflation woes, while investors awaited the election that would decide Japan’s next prime minister. The Nikkei average fell 2.12% to close at 29,544.29, its lowest since Sept. 3. 

Just a few minutes after Tokyo’s market closed, Fumio Kishida was chosen as the new leader for the ruling Liberal Democratic Party, after a runnoff with Taro Kono as neither obtained a majority in an initial four-way vote, which started earlier in the day.

“Investors want to confirm who is going to be the next prime minister before they start making bets,” said Takatoshi Itoshima, a strategist at Pictet Asset Management.

Technology shares led the decline: Tokyo Electron falling 5.27%, Daikin Industries losing 4.15% and Advantest also losing 5.64%. 

According to Toru Suehiro, Senior Economist, Daiwa Securities: 

“The general direction will be that, instead of Abenomics’s trickle-down theory that assumed a huge monetary easing will boost big companies’ profits and then spread to other parts of the economy, (Fumio Kishida) explicitly refers to redistribution. So his policy is not just about a laissez-faire economic growth, and it might be unfavourable for market participants.”

Japenese election - Fumio Kishida

Source: Yahoo

View our blog for Evenco International news articles.

Register to receive your
Sample Report

By clicking “Submit” I acknowledge I have read and agree to the Privacy Policy. Evenco will not share or sell your contact details with any third party sources.

Register your interest in one of our events

By clicking “Submit” I acknowledge I have read and agree to the Privacy Policy. Evenco will not share or sell your contact details with any third party sources.

Refer a colleague

Register to receive your Contributor Brochure

By clicking “Submit” I acknowledge I have read and agree to the Privacy Policy. Evenco will not share or sell your contact details with any third party sources.

Register to receive your Membership Brochure

By clicking “Submit” I acknowledge I have read and agree to the Privacy Policy. Evenco will not share or sell your contact details with any third party sources.

Register to receive your
Event Media Pack

By clicking “Submit” I acknowledge I have read and agree to the Privacy Policy. Evenco will not share or sell your contact details with any third party sources.

Privacy Policy

The data controller is: Evenco International Limited, 1 Ropemaker Street, London, Greater London, England EC2Y 9HT.

Evenco International is an executive conference organiser for the asset management community.

Your privacy is important to us. Accordingly we are committed to handling the personal information of all those we engage with responsibly and in a way that meets the legal requirements of the countries in which we operate.

This privacy policy explains the basis on which any personal data we collect from you will be processed by us in relation to the following:

Conference registration.
Email Marketing.
Face-to-face meetings with our Research team.

Except for the above, we do not process or analyse your information in any other way, including disclosing your information with third parties, unless required to do so by law.

Conference registration

If you sign up to attend one of our conferences, we will ask you to provide your professional details – in order to determine your suitability to attend our conference and share with you all logistical information. We will use this information internally to communicate with you. We request the following: name, job title, business address, email address and business telephone number. By attending our conferences we may pass the information we collect at registration to our conference sponsors. It gives our sponsors the opportunity to know who will be attending the conference. They can contact you after the conference for commercial reasons. It is, therefore, up to you whether you remain in contact with them. Evenco International will never share any of your personal data with potential sponsors without your explicit consent. After the conference, we will ask you to complete surveys regarding your experience with us. Information for us and the sponsors of the conference to which the feedback applies. We will check, of course, that you are happy to share your feedback and personal data with the sponsors. We will not share your feedback with other third parties without your explicit consent. There will be a photographer and/or videographer at our conferences. This may be used for future marketing material, our website and social media channels.

Email Marketing

When you register to attend one of our conferences, we will ask you if you wish to receive direct marketing from us regarding future conferences. You can choose to stop receiving them at any time by emailing info@evencointernational.es

Face to face meetings

Evenco International meets with its audiences prior to its events – meaning we will sometimes ask to meet you and ask you questions. We do not record these meetings. Any opinions that you express may be shared with specific sponsors – anonymously – on the condition that you give us your permission to do this.

Security

We ensure information once received is stored securely and only accessible with the correct authorisation. Electronic data and databases are stored on secure computer systems and we control who has access to information. However, a loss of personal data is known as a data breach. The General Data Protection Regulation imposes requirements on businesses to report breaches within 72 hours. We undertake to inform you if your personal data is compromised and there is a risk to your rights and freedoms as a result.

Contact Us

If you have any questions about this Privacy Policy or relating to our use of your information, write to our Data Protection Officer at Evenco International, 1 Ropemaker Street, London, Greater London, England EC2Y 9HT, or emailing info@evencointernational.es

Please also contact us if you wish to exercise your ‘Right to Access’ or ‘Right to be Forgotten’ under the General Data Protection Regulation.

Terms and Conditions

Evenco Analytics offers a free trial period for three months after subscribing to the service. You will not be charged for this product during your trial period. Before the trial expires, we will contact you to see if you wish to continue using the service and subscribe to a yearly subscription, where you can cancel if desired. You can also unsubscribe from Evenco Analytics for free at any time leading up to the first quarterly payment by contacting us at info@evencointernational.com. Standard rate for the product is £5k per annum, charged quarterly at £1250. Early bird and referral discounts are also available for subscribing to a full Evenco Analytics subscription – please contact us for more information. As our subscription is set up via invoicing, please note that there may be a short delay before you receive access to the platform, as we will need to approve your request.

Request a demo