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me3
Joined: 11 Apr 2004
Posts: 8
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 Posted: Wed May 18, 2005 8:04 pm Post subject: On line stock trading in Japan |
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Hello
I want to get in to trading stocks in Japan. I cant find any information. Does any one know of a Japanese company that does on line trading and has an English verison?
Thank you so much for any info.
Aaron C |
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lajzar
Joined: 09 Feb 2003
Posts: 647
Location: Saitama-ken, Japan
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| Posted: Thu May 19, 2005 1:51 pm Post subject: |
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| Dont. the Japnaese banking industry is so unstable its hard to believe. If you realy must d this, find a western cpmany that doesnt mind having a japanese adrss as the contatc point. |
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Gordon
Joined: 28 Jan 2003
Posts: 5309
Location: Japan
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| Posted: Thu May 19, 2005 1:54 pm Post subject: |
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| lajzar wrote: |
| Dont. the Japnaese banking industry is so unstable its hard to believe. If you realy must d this, find a western cpmany that doesnt mind having a japanese adrss as the contatc point. |
Typing with your eyes closed again? 
I used to play the stocks a bit, but I would never do it in Japan. Invest some other place. |
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Billy Chaka
Joined: 20 Oct 2003
Posts: 77
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bearcat
Joined: 08 May 2004
Posts: 367
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| Posted: Fri May 20, 2005 2:45 am Post subject: |
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Rule one to investing in stocks:
Never buy or sell based on "a feeling". |
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Gordon
Joined: 28 Jan 2003
Posts: 5309
Location: Japan
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| Posted: Fri May 20, 2005 5:08 am Post subject: |
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| bearcat wrote: |
Rule one to investing in stocks:
Never buy or sell based on "a feeling". |
I had a feeling once on a "can't miss" gold mine in Nicaragua. nuff said...  |
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JimDunlop2
Joined: 31 Jan 2003
Posts: 2286
Location: Japan
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| Posted: Fri May 20, 2005 7:32 am Post subject: |
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I've got a really good "in" on some choice real estate investment property in Southern Florida. Cheap!!! It's a little "damp" right now but the developer assures me that they have acquired new technology to resolve that issue. He needs capital to go ahead with the project though. If you're interested you can e-mail me... Once you buy in you'll be glad you did. Your ROI (return on investment) will be 100x what you put in once they start putting up Starbucks and Wal-Mart and shopping malls within a couple years.....  |
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moot point
Joined: 22 Feb 2005
Posts: 441
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| Posted: Fri May 20, 2005 1:37 pm Post subject: |
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Just curious...can you folks give some reasoning for not wanting to invest in Japanese stocks right now?
I think it is about time to finally jump back into the Japanese market. Japanese big-cap stocks are under-valued compared to their US counterparts and the 0% lending rates in Japan appear to be in place for a bit longer in order to boost the economy. If you've been reading the business reports lately it seems like all the indicators look good for Japan's economy but for some reason the stocks have been under-performing.
My take on this is that both Japanese investors are hesitant to return to buying stocks after having seen a negative return over the past twenty years, and foreign investors have been tricked too many times by false bulls in the market. So now I think the conditions are just right. Nobody else is into buying and holding (although the volume of trading is great, which for technical analysts is a good sign), which often means this is the best opportunity to buy and wait.
. |
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moot point
Joined: 22 Feb 2005
Posts: 441
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| Posted: Fri May 20, 2005 1:43 pm Post subject: |
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Back to the original question.
I don't trade in individual stocks via the 'net but good (Japanese) friends do. The E-trade site is a common name that comes up.
https://newtrading.etrade.ne.jp/ETGate
Unfortunately, I don't think there is English information available. Sorry I couldn't be of greater help, but if someone is aware of an English site it would also be of interest to me.
Good luck. |
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taikibansei
Joined: 14 Sep 2004
Posts: 811
Location: Japan
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| Posted: Fri May 20, 2005 5:46 pm Post subject: |
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Wow, first questions about Japan's narcotics trade and now about Japanese stocks, including buying tips. Soon, we'll be getting questions about cancer treatments--e.g., "Hi board, I was wondering whether anyone here preferred thermoradiotherapy over cryosurgery as a treatment for advanced prostate cancer? Also, what about MGI 114? Is it really an improvement over the standard flutamide when given orally?"
Frankly, I'd argue that anyone purchasing stock based on advice from anonymous EFL instructors on a public job forum is completely insane. Of course, this statement has nothing to do with the following observations, which should be trusted implicitly.
| Quote: |
| the 0% lending rates in Japan appear to be in place for a bit longer in order to boost the economy. |
The 0% lending rates have been in place for a long time--since 1995, I believe. Not that they've done a lot of good in those 10 years.... I mean, I never felt particularly boosted! 
| Quote: |
| If you've been reading the business reports lately it seems like all the indicators look good for Japan's economy but for some reason the stocks have been under-performing. |
The stocks will continue to "underperform" because the better Japanese companies are not concerned about stock performance. Unlike US companies (which will even commit fraud to improve short-term stock price), Japanese companies/CEOs generally think long-term, with any short-term "profits" turned immediately back into the company. Indeed, I've read that many Japanese companies judge themselves almost completely on issues of market share, level of public trust (i.e., perceived reliability), technological innovation, etc.--i.e., all things that, while nice in themselves, are not necessarily conducive to higher stock prices.
| Quote: |
| Just curious...can you folks give some reasoning for not wanting to invest in Japanese stocks right now? |
I think you answer your own question below:
| Quote: |
| My take on this is that both Japanese investors are hesitant to return to buying stocks after having seen a negative return over the past twenty years, and foreign investors have been tricked too many times by false bulls in the market. |
Indeed, regarding this:
| Quote: |
| So now I think the conditions are just right. |
Yeah, I thought that too...in 1997-1999. Was wrong then, and I'm not sure what's so different about now.
Finally, if you don't have Japanese language skills, consider purchasing through a company like T Rowe Price (which has a Japan Fund and little to no fees):
http://www.troweprice.com/retailHome/0,,pgid=retailHome,00.html
http://www.morningstar.com/FundFamily/TRowePrice.html?fsection=trowe
Well, just my two yen--with the disclaimer that I'm an English teacher, for heck's sake! Good luck.... |
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guest of Japan
Joined: 28 Feb 2003
Posts: 1601
Location: Japan
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| Posted: Fri May 20, 2005 11:28 pm Post subject: |
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| Quote: |
The stocks will continue to "underperform" because the better Japanese companies are not concerned about stock performance. Unlike US companies (which will even commit fraud to improve short-term stock price), Japanese companies/CEOs generally think long-term, with any short-term "profits" turned immediately back into the company. Indeed, I've read that many Japanese companies judge themselves almost completely on issues of market share, level of public trust (i.e., perceived reliability), technological innovation, etc.--i.e., all things that, while nice in themselves, are not necessarily conducive to higher stock prices.
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There's some good stuff in there Taikibansei. Additionally, Japanese companies don't really give much thought to their investors. Most companies are run like a family business. Investors are nice and all, but the companies try to pretend they don't exist except when they need more money. Most stock companies are also major scams. They tend to call old people who have no idea about stocks and push a stock that is in the companies interest. Brokers are expected to make a certain amount of calls a day.
Also, it is very difficult for a young company to become publically traded. The system keeps pumping money into the same old debt ridden bohemoths.
Finally, Japanese companies are not very transparent. It's very difficult to know exactly what you are buying into.
I wouldn't touch the Japanese market. The government and the Japanese analysts may have raved about the recent upturn, but Goldman Sachs and HSBC were a lot less than optimistic. |
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Billy Chaka
Joined: 20 Oct 2003
Posts: 77
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| Posted: Sun May 22, 2005 8:55 pm Post subject: |
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| Also, it is very difficult for a young company to become publically traded. The system keeps pumping money into the same old debt ridden bohemoths. |
The system does not keep pumping money into the same old debt ridden bohemoths. When a company becomes publically traded, it makes money at only one point - at the time of the IPO. |
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guest of Japan
Joined: 28 Feb 2003
Posts: 1601
Location: Japan
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| Posted: Mon May 23, 2005 5:29 am Post subject: |
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| Quote: |
| The system does not keep pumping money into the same old debt ridden bohemoths. When a company becomes publically traded, it makes money at only one point - at the time of the IPO. |
Umm. The IPO is the initual public offering, which implies that it continues to be offered to the public and thus continues to make money. It's up to the company if it wants to sell more shares.
Many younger Japanese companies don't get the option of and IPO, at least not with enough publicity to make it worthwhile. Compound this with the fact that it is harder for younger companies to get cash from lending institutions and you get a static market. |
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me3
Joined: 11 Apr 2004
Posts: 8
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| Posted: Sat May 28, 2005 4:14 am Post subject: |
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Hello Moot point,. I have seen this web page on the internet but I cant read or speak Japanese. I may learn quickly. I went to a company called Nomura. But they also have no english sevice.
A little background information. I have been trading stocks and mutal funds for the last 10 years. I traded stocks on line in Korea and I did ok there. I want to trade in the country that I live in.
Thank you for the all people who decide to tell me what they thought of the Japanese market, but I will decide that based on my research. What I really need to find is a Japanese trading company that offers good and cheap on line trades. And if there is one in English, I would be so happy. I was told that Nomura's on line trades are about 1% and a minimum of 2800 yen. That is a little high I think. I heard that some companies are as cheap as 500 yen/ trade. Any ideas? |
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moot point
Joined: 22 Feb 2005
Posts: 441
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| Posted: Sat May 28, 2005 11:19 am Post subject: |
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The E-trade internet trading site is cheaper than the charges you've mentioned.
Just out of experience, I've also found it hard to invest in Japan whether it be through stocks or mutual funds. I once walked into the Yokohama branch of Merryl Lynch and they handed me a 20-page pamphlet all in Japanese. When I said I coudln't read it they said they couldn't offer any investments to me. The same happened at Citibank where I had over 3 million yen in their bank divided between my Japanese savings and foreign currency time depoisits. Both were pretty cold atmospheres but in retrospect I realised that trading laws are strictly abided by and these companies do not want to offer any investments to people who don't understand the conditions fully.
The only way around it is to have a Japanese spouse and to make your stock purchases through them. As for myself, my wife is not very knowledgable in terms of investing so I decided to invest in a Japanese mutual fund using an offshore account. |
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