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Japan: rising from the ashes
25 January 2012
Japan has had a challenging year following the earthquake that hit the country’s eastern coast in March, bringing the entire market into question. Yet the Japanese securities lending industry has kept its cool during the hard times and is now prepared to come back with a bite against its Asia Pacific neighbours. Stephanie Baxter reports
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Japan
securities lending
John Vaughan
Tomoaki Kinoshita
Ariel Winiger
Thomas Vickerton
Chris Reynolds
Japan has had a troubled year following the earthquake and tsunami in March that rocked the country’s economy which has already suffered from weak growth and inflation in recent years.The securities lending industry was affected by the events, but word from desks in Tokyo is that the damage could have cut a lot deeper. Investors avoided taking a risk to invest in the Japanese equity market following the earthquake, but Data Explorers said in November that institutional investors have actually kept faith in Japanese equities. Some long term investors have now started to come back, says Tomoaki Kinoshita of Japanese bank Mizuho Securities.Data Explorers also said in November that demand to borrow for short selling is on an even level while the value of lendable supply has held up well during the year. As of November 23, the amount of lendable supply stood at $328.8bn while $33.7bn is out on...
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