Geoffrey Dennis of UBS says even emerging markets saw significant correction and from a fundamental point of view, it makes more sense to look for buying opportunities.
Should the yen keep falling, the drawbacks of higher import prices and possible anger from Washington and other trading powers could start to outweigh the benefits of a weaker currency. Those benefits start shifting to drawbacks if the yen slips to 120-130 per dollar from its current Goldilocks' range of 100-110.
Lord Adair Turner goes on to analyse India and says the crucial thing is to look at the degree of reliance on short-term debt and that is something that RBI governor Raghuram Rajan has commented on within the nature of financing of current account deficit (CAD).
IMF Managing Director Christine Lagarde expressed concern about price growth remaining below the target of many central banks, which could hurt the nascent recovery.
Abe was speaking at a meeting of ministers following the government's decision to drop the word deflation from its monthly economic report for the first time in four years.
In many emerging markets, the risk may be deflation, not inflation, once central banks begin unwinding their monetary stimulus as it may spur fund outflows.
Japan's economy has improved dramatically since November 14, 2012, when Abe's unpopular predecessor, Toshihiko Noda, announced snap elections. That vaulted Abe into pole position and prompted investors to price in the effects of his promises of massive govt debt purchases by central bank & hefty govt spending.
The expansion was smaller than a downwardly revised 3.8 percent increase in the first quarter, when the launch of Prime Minister Shinzo Abe's stimulus policies drove up share prices and led to exceptionally strong personal consumption
Prime Minister Shinzo Abe's monetary easing and budget spending seem to have helped. Nation needs to work on fiscal reform in the medium and long term even as it pursues aggressive stimulus steps to support the recovery and to help beat deflation
HSBC`s flash estimate of the China purchasing managers` index (PMI) is likely to feature high on the list of data to be watched closely in Asia this week.
Apple, one of the most visible foreign companies in Japan, raised the price of iPads by up to 13,000 yen at its local stores. The 64 gigabyte iPad will now cost 69,800 yen, up from 58,800 yen a day ago, an Apple store employee said. The 128 gigabyte model will cost 79,800 yen compared with 66,800 yen.
The US economy showed fresh signs of slower growth in the second quarter, with factory activity slipping in the mid-Atlantic region while groundbreaking declined at home construction sites.
Japan's Nikkei share average jumped to end above 13,500 on Thursday, the first time it has done so in almost five years, with the bullish mood in place since the central bank announced unprecedented stimulus measures showing few signs of abating.
Expectations the Bank of Japan (BoJ) will unleash sweeping new stimulus measures to dig the country out of decades of deflation has crushed the yen, but its darkest days may be over.
The Bank of Japan (BoJ) shocked markets on Thursday with a radical overhaul of its policymaking, adopting a new balance sheet target and pledging to double its government bond holdings in two years as it seeks to end nearly two decades of deflation.
Rupee falls for a second successive session, tracking regional stock losses. The pair is at 54.54/55 levels versus 54.43/44 close on Wednesday.
The yen continued its slide against the dollar on Monday after global finance ministers at the weekend avoided directly criticizing Japan for pursuing policies that have led to significant weakness in its currency. However, analysts warned against expecting a further drop in the yen.
While only time will tell whether Japan's incoming Prime Minister Shinzo Abe wins the war he has declared against deflation, one thing is clear, say analysts, the central bank will be pushed to be far more aggressive than it has ever been.
Few in Japan seem to harbour any illusions that the latest efforts to tame the yen can push it away from record highs far enough and for long enough to make much of a difference.
As the US economy slouches toward another recession and confidence in policymakers erodes, investors are coming to grips with the notion that the country may already be several years into a Japan-style lost decade.
The one question riding every mind on the battered global markets today is whether all the bad news is already factored in or if are we slipping to the bottom. Taking away the comfort, Falguni Nayar, managing director of Kotak Investment Bank says the global markets are all headed to a precipitous fall ahead.
The end of Federal Reserve emergency cash is unlikely to derail gold's 10-year rally, but the precious metal might face a rockier road as the cheap money that had fuelled its ascent dries up, at least for now.