Oct.-Dec.
2012 (previous) |
Jan.-Mar.
2013 (present) |
Apr.-Jun.
2013 (outlook) |
Jul.-Sep.
2013 (outlook) | ||
|---|---|---|---|---|---|
| Corporations with capital of 1 billion yen or over | |||||
| All industries | -18.7 | 17.9 | 15.8 | 12.2 | |
| Manufacturing | -20.8 | 11.3 | 13.8 | 11.6 | |
| Non-manufacturing | -17.6 | 21.5 | 16.9 | 12.6 | |
| Corporations with capital of 100 million to 1 billion yen | |||||
| All industries | -23.9 | 9.6 | 14.8 | 12.8 | |
| Manufacturing | -27.8 | -1.0 | 11.1 | 14.7 | |
| Non-manufacturing | -22.8 | 12.8 | 15.9 | 12.3 | |
| Corporations with capital of 10 to 100 million yen | |||||
| All industries | -32.1 | -2.7 | 9.2 | 8.6 | |
| Manufacturing | -38.4 | -10.0 | 4.9 | 7.7 | |
| Non-manufacturing | -30.9 | -1.2 | 10.1 | 8.8 | |
Notice the big jump from low negative numbers (-18.7) to decent positive numbers (17.9) from big industries. We see similar improvement in the mid-size and small company categories.
Consider the above information in the context of the Japanese ETF:
Prices bottomed in mid-late November and have been rising since. Prices moved through resistance at the 10-10.1 area in late February. The EMA picture is very positive, as are the underlying technical indicators.
