Bank of Japan to increase easing efforts, the Nikkei Index closed up 2.2%

Affected by the Bank of Japan monetary policy meeting to increase monetary easing efforts stimulus, the Nikkei index of the Tokyo stock market on Thursday recovered the decline into soared 272.34 points closing at 12,634.54 points, or 2.20%. The Topix index rose 27.33 points to 1037.76 points, or 2.70.

This is the new President Haruhiko Kuroda took office for the first time the central bank's monetary policy meeting. The Bank of Japan announced that it will launch a "qualitative and quantitative monetary easing" combination punches that its monetary policy steering.

The BOJ measures taken include: Japanese government bond purchases to 50 trillion yen a year ($ 530 billion) to buy bonds of longer maturity time break before the three-year limit to increase the purchase of the ETF and real estate investment funds, Japanese bonds and exchange-traded fund holdings doubled within two years, before the end of the asset purchase program.

Specifically, the Bank of Japan announced that it would purchase a maturity of up to seven bonds, the maximum duration of 40-year bonds for debt purchase plan. The annual purchase of 1 trillion yen ETF, an annual 30 billion yen purchase of real estate investment trust. Policy objectives changed the base currency to strengthen monetary easing the annual increase will be about 60000000000000-70000000000000 speed.

Baked with the new policy of the central bank, the yen fell sharply. USDJPY (95.39,2.3100,2.48%) straight line rising from 93 below to 94 above. The 10-year yield fell below 0.50 percent again refresh the intraday low since June 2003.

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Wal-Mart's India expansion difficult: shop less than Plan 1/4

Three years ago, Wal-Mart aspires to become India's largest retailer in 2015. It is difficult now expansion in India, only opened 50 stores last year, much lower than the 22 planned, because the local operating environment is extraordinarily complex.

Sources familiar with Wal-Mart planning this year, the company plans to open eight stores in India. Industry sources say that Wal-Mart expansion difficult part because India's commercial real estate development and store operations processes a multitude of things, but one of the biggest reasons is the compliance blow.

Wal-Mart in November last year, disclosed the investigation in India, Mexico and other countries is a violation of the U.S. Overseas Anti-Corruption Act (FCPA). Since the internal investigation began, Wal-Mart said that to strengthen the efforts of the partners and employees in accordance with the laws of the United States and India, and thus slow down the pace of expansion.

International business to promote the growth of the overall performance of Wal-Mart's sales increased 5% to $ 466 billion last year, the international business increased by 7.4% to $ 135 billion.

For the modest goal of eight stores in India this year, Wal-Mart's current progress is lagging far behind, and finally a newly opened store in October last year. Wal-Mart to enter India in 2009, has opened 20. Within two years, Wal-Mart plans to run a number of supermarkets in September last year, the Government of India after the liberalization of foreign investment of the supermarket.

Even for the locals who opened in India, operates retail stores are also very complicated, you need to get dozens of licenses and authorizations from various institutions on to the municipal government, they usually have to pay bribes in order to promote the project.

DBS Bank CEO last year, the total remuneration of $ 7.5 million super Deutsche Bank Barclays

High Bode (Piyush Gupta), Southeast Asia giant planets DBS Bank (DBS) CEO total remuneration last year grew 15% to S $ 9.3 million ($ 7.5 million), more than Barclays and Deutsche Bank CEO.

Based on corporate earnings, co-CEO of Deutsche Bank Anshu - Jain (Anshu Jain), and Jurgen - Fitz Cen (Jürgen Fitschen) last year were given 4.8 million euros ($ 6.2 million), Barclays Bank Anthony - Jenkins (Antony Jenkins) last year, the total remuneration of £ 2,600,000 ($ 4,000,000).

High Bode pay increases and DBS Bank last year to a record S $ 3.8 billion profit, as well as the plan to expand in the fast-growing Asian market consistent.

Djan and Fitz Cen as Des UnionPay President CEO in June last year, after the allocation of additional funds to cover the mortgage-related litigation costs, Deutsche Bank last year's profit fell to 291 million euros, representing a year-on-year to drop 93%.

Jenkins on August 30 last year as CEO, Barclays Bank in February this year that they do not want to consider to grant him a bonus of 2012. Set aside 1 billion pounds to compensate for loss of customers, Barclays Bank last year's net loss of 1.04 billion pounds for the first time in 20 years.

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Asian Currencies: U.S. manufacturing data is less than expected

Overnight dollar index sharply lower from the nearly seven-month high near accident, announced yesterday the U.S. March ISM manufacturing index fell sharply from 54.2 to 51.3, far below market expectations, the biggest monthly decline since July 2011, showing U.S. manufacturing expansion slowed sharply, to suppress the withdrawal of loose Fed expected. The foreign exchange market volatility in the market by the Easter holidays, trading was light situation is further amplified. Today, Europe multinational manufacturing PMI data will also be center stage in the debt crisis raging, on the occasion of the market panic, the euro-zone economy in turn to produce the kind of responses worth investors wait and see.

GMT today 15:13, Spain will be the first to announce the March manufacturing PMI data, and thereafter, Italy, France, Germany and the euro zone will continue to release their manufacturing PMI.

The initial data from the previously announced, the market of the euro-zone economy out of recession in the hope apparently was splashed with a bucket of cold water. The survey data compilation agency announced on January 21 Markit3 the show, Cyprus assistance before the outbreak of the economic downturn in the euro zone had intensified in March, which makes efforts to revitalize the euro zone policymakers more headaches. This also means that the Cyprus crisis, data material will show the euro-zone economy is worse.

Tuesday (April 2) morning Asian market, the U.S. dollar against the yen shock downstream, fell below the 93.00 mark the beginning of the disk. Traders said some stop loss orders were triggered more stop loss orders in 92.90 below.

The USDJPY morning fell below 93.00, but then rebounded slightly. Traders said some stop-loss orders were triggered, in 92.90 below there are more stop-loss orders, and 92.40 below there are a lot of stop loss orders, thereafter under the Road support level at 92.00.

The traders further pointed out that the U.S. dollar in early trading yen driven by stop-loss orders, Japanese stocks plunged due to the appreciation of the yen.

In addition, the Japanese Central Bank President Haruhiko Kuroda morning again said that the central bank will use all available options to show its determination to achieve the 2% inflation target, a firm commitment by the central bank to change the market price is expected to price target is very important. However, USDJPY rebound dull.

Monday (April 1), the New York session, the pound sterling against the U.S. dollar was steady at 1.5230 near, approaching a three-month high of 1.5259, weaker than expected U.S. manufacturing data boosted.

The data show that the U.S. March ISM manufacturing PMI unexpectedly fell to 51.3, the lowest since December 2012, and also lower than the expected 54.1.

Impact by the data, GBPUSD refresh a recent high of 1.5241, approaching the March high.

Analysts pointed out, the GBPUSD today is basically in the uplink channel, plus the support of weak U.S. economic data, thus promoting further rise in the exchange rate.

But he also pointed out that the short-term is expected to pound against the dollar or the downward correction, below the support level at 1.5080, and then will again bounce higher to 1.5400.

Foreign exchange disadvantage, Korea the depot too much of. The yen continued to weaken the impact of the export competitiveness of South Korea depot, president of General Motors in South Korea called on the new government to take action to deal with the exchange rate issue as soon as possible. South Korea General Motors president SergioRocha, said, "the Financial Times reported, the South Korean government should follow the example of China and Japan, the use of the policy impact of the exchange rate to help the domestic industry. He believes that China and Japan are the use of a policy to help domestic industries and promote exports.

April 2 Huitong network transactions remind

European countries will be the end of the Easter vacation on Tuesday (April 2) to restore financial market transactions, which means relatively quiet during the festive season, the market sentiment is expected to return to active. Day European countries published monthly manufacturing PMI data and the material will be the focus of attention of the market from all walks of life, at the same time, the Italian premier process is still compelling. Outside Europe, we shall focus on the resolution of the Reserve Bank of Australia (RBA) interest rate.

AUDUSD:

Concerned about the rate decision of the Reserve Bank of Australia is widely expected the Reserve Bank of Australia will not cut interest rates at this meeting, but its assessment of the economic situation and the future prospects for monetary policy will still affect the trend of the Australian dollar. If the Reserve Bank of Australia revealing the a more lenient expected. The Australian dollar will be under pressure, on the contrary, the Australian dollar may return to the uplink.

EURUSD:

Concerned about the eurozone manufacturing PMI data, euro zone data is bad, the euro against the U.S. dollar or the end of the short-lived rebound return to downlink. Meanwhile, the euro area should also be concerned about the unemployment data. In addition, the Council further towards Italy, especially whether the president of the country will advance to resign to make way for the new election situation, it is expected to be around the trend of the euro against the dollar.

USDJPY:

Concerned about the yen has continued to rebound after Japanese officials reaction conditions, the relevant officials of the words and actions may affect Since then, the Bank of Japan's new leadership in the decision-making meeting on Thursday (April 4).

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U.S. stocks reached a new high, the Bank of Japan to seek evolutions

Last week, most of the time, the market with the development of the situation in Cyprus and dance, but eventually the market decided to ignore the temporary crisis of Mediterranean small country, focusing on U.S. data, S & P500 running away, write down the high. Cyprus accept EU terms for rescue funds into the market once this positive reaction. However, the new President of the European Union's new rescue mode of speech, sparking funds for future need private funding debt relief worried the European debt crisis, the European the swine debt and banking stocks sell-off, once moving sharply higher risk awareness. But soon the market to Cyprus bank run is not serious, neighbors bond markets were caught not serious grounds, the attention from European debt to U.S. data. The overall U.S. economic data to words in improved, but the improvement was not enough to force the Fed tightening soon. In the liquidity surrounded by the U.S. stock market hit a new high of U.S. debt, the dollar has a good performance. The rise in oil prices, commodity movements vary taking the price of gold.

Cyprus on the impact of the European debt situation, I believe that the medium-term. Serbian facing a banking crisis, rather than a sovereign crisis. As long as the European Central Bank is willing to provide unlimited liquidity, the bank may not quickly collapse, it may not immediately affect other countries. Europe in the handling of the Serbian set a precedent requiring shareholders, creditors and savers shared bank losses, the next countries facing similar crises, bank runs and capital flight situation may ferocious spread quickly.

This week, the Bank of Japan will convene the first meeting Kuroda any central bank president, The Kuroda is likely to introduce new quantitative easing. Now it seems that the Monetary Policy Committee on the loose speed and intensity did not reach consensus on the new measures may be reluctant to take the lowest new QE measures, to the performance of a gesture. If this is the case, the market may be disappointed, the yen is not ruled out Withdrawing. Long term, the Bank of Japan big issue currency little suspense, and is likely to become a QE world champion in the next few years. But Kuroda footing because of the shaky and hurried to attack, perhaps the effect is not ideal.

This week's focus: central bank decision-making and the situation in Cyprus. Reserve Bank of Australia (RBA) regular meeting on Tuesday, it is estimated that the policy rate fixed. Thursday the Bank of Japan may increase the number of bond purchases, the same day the European Central Bank will not have a new monetary policy moves, but after reporters be noteworthy commentary of the situation in Cyprus. Bank of England, have a greater chance overweight the the monthly asset purchase amount. In the U.S., ISM material with the previous month, Friday's non-farm employment increased by about 190K, four months for the first time lower than 200K, but this is the result of government fiscal contraction, the folk still maintained the momentum of the economic recovery.

Seoul prices fell to the lowest since 2008, the Korean government cuts tax to stimulate the market

Korea has just announced a new real estate policy, Park Geun-hye government since he took office the first comprehensive regulation of the real estate market measures. In the past two years, South Korean real estate market downturn, turnover record in February this year, the lowest level in seven years, housing prices in Seoul has reached the lowest level since the 2008 financial crisis. According to South Korean media reports, South Korea's new government of the activation of the tricks of the real estate market are mainly two words, tax cuts.

Jiangnan style so popular in the world, one we all know the high prices of the rich area of Seoul, Korea Gangnam, Gangnam-gu, also Korea created the Jiangnan unbeaten myth, the so-called "Jiangnan undefeated" is that people I believe in Gangnam, housing prices will only go up not down. However, starting in 2005, a substantial tax coupled with the financial crisis of 2008, the the "Jiangnan undefeated myth was finally broken.

Korean KBS television reporter Nan Liming: real estate boundless stir-fried brings a wealth polarization in Korean society, the rich sets or even dozens of sets, no money to buy a immune, so there is a lot of Residential poor. Into the 21st century, Kim Dae-jung government has been to the Roh Moo-hyun government, in order to improve this uneven condition of the real estate, real estate policy constantly surgery. Later, the late Roh Moo-hyun administration given the multi-property owners a very heavy tax burden, a serious blow to the rich in real estate investment, the Seoul and its surrounding cities, housing prices continue to fall, is seen as the most obvious Seoul rich district of Gangnam-gu, the most expensive residential prices reportedly almost dropped to 1/3.

Seoul district once favored room "after 2008 could not avoid devaluation.

CCTV reporter MA Hongtao: Seoul Gangnam, Seocho and other area concentrated Seoul best quality of educational resources, Korean with the Chinese special emphasis on the education of their children, so near the school house, "the school district room" of prices on quite expensive, but Lately, housing prices in this area dropped significantly, the most important reason is that Seoul City to take a very severe real estate lending policies, significantly increased the threshold for real estate loans.

The South Korean government on schedule controlled prices skyrocketing momentum, but over a period of time, the drawbacks of the housing market downturn is beginning to show.

Nan Liming: the shrinking of the real estate bank loans flops atrophy brought to the construction industry, building materials industry, exacerbated by the economic downturn, many people take chances psychology do not work hard to buy a house, waiting for home prices continued to fall. Faced with this situation, people are asking the Government to come up with a way to activate the real estate industry's increasing demands for Lee Myung-bak government ruling late on a trial basis for six months tax cuts, has shown significant improvement.

In 2001-2006, is the Korean housing prices skyrocketing period, some people can not pay the high rent, and even choose suicide. Prices continued to fall, the absolute prices in many areas are still relatively high, rents continue high, the Seoul public housing pressure is still there.

In the small office of mayor of Seoul Puyuan Chun, an entire wall is yellow convenience paste covered densely written above public housing problems to the mayor's proposal, the mayor in order to remind myself not to ignore the voice of the people .

Puyuan Chun: in Seoul, the one you want to buy a set of their own homes, and it takes an average of 12 years, the Seoul city as much as possible to provide public housing, I think this is an important means to solve the housing shortage. We plan to provide 80,000 units of public housing by the municipal government in 2014.

Park Geun-hye, the Government also decided to listen to public opinion and the appropriate relaxation of the real estate policy, in order to activate the economy.

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Venezuela will auction $ 200 000 000 only for imports of the domestic shortage of supplies

Venezuelan government for the smooth imports of food, medicine, and widespread shortages of basic supplies, "foreign currency auction recently for some importers. The country's central bank has abolished the "of 5.3 Bolivar / U.S. $ exchange rate adjustment, said the exchange rate will lead to speculation and the dollar black market prices soaring. Instead, the government announced that the foreign exchange management supplement system plan, and on March 27 auction of $ 200,000,000, specific to the selected 383 companies involved in the company and the auction price is not disclosed.

According to Agence France-Presse reported on March 31, the appointment of Finance Minister Jorge Theo Dani commitment to help businesses get the required foreign currency, saying the move will help to enhance the transparency of the foreign exchange rate. Venezuelan economist Jose the Quilla estimated auction price of $ 12 Bolivar / U.S. dollar. Since 2003, the Committee on Foreign currency strict controls to curb capital flight. Limited foreign currency that individuals and businesses can be obtained through the official exchange rate. However, the market has been high demand for the dollar and the euro, led to a black market in U.S. dollars and Euro prices are far higher than the official price. Critics have pointed out that the auction dollar means inputs and prices must be adjusted, may lead to rising prices, causing inflation.