Despite the recent Federal Reserve and the Bank of Japan made their positions known to stimulate the economy again, but the world’s major stock markets remained weak yesterday, the Japanese stock market plunged more to end up. In addition, the Japanese yen against the dollar once again flirting with 15-year high.

The Japanese government or re-shot

Although the Bank of Japan and the government have announced the easing of financial policies and outline new economic stimulus plan, but the financial markets has not cast a vote of confidence. Yesterday, the Japanese stock market fell sharply, stocks suffered a severe blow to exporters, the Nikkei 225 index closed at 8824.06 points, fell 3.55%, the highest since the past 16 months, lowest. The Nikkei fell 7.48% in August total. And the stock market dropped the contrary, the yen exchange rate is more than, the Asian trading session yesterday, the dollar fell against the yen near the range of 84.3. Japan’s stock market on the Japanese government and central bank foreign exchange market’s lukewarm response to new measures, the Japanese media generally believe that governments and central banks have missed the boat.

Yesterday, Japan’s Finance Minister Ye Tian Jiayan to defend the central bank’s decision. Ye Tian Jiayan again expressed concern about the yen continues to appreciate, and hinted that the government will intervene in the foreign exchange market when necessary, but recent government will not require the central bank further easing monetary policy.

Tokyo Japan Asset Management senior strategist Gina wild teacher, said the Bank of Japan monetary easing policy, additional efforts were still not enough to stop the yen’s rally, the market would very much like the Japanese government and central bank introduced more initiatives, but the market focus has shifted from the central bank the possibility of government intervention in currency markets. Some analysts said that if the dollar fell below 81 yen level, the Nikkei may fall below 8500 points, then the Japanese government may be re-shot.

Japan’s slump dragged down the performance of global stock markets yesterday, a general fall in the Asia-Pacific stock markets, MSCI Asia Pacific Index fell 1.9%, European markets also opened sharply lower on the three major indexes all fell about 1%.

Market for U.S. and global economic recovery continued concerns about suppression of confidence, fell out of the world’s most difficult for the fate of the stock market. Over the past August, Hong Kong Hang Seng index is down 2.4%, South Korea’s stock market composite index is down 0.94%, Australia’s benchmark S & P/ASX200 index was down 2%. As of August 30, the British FTSE 100 index is down 1%, the French CAC 40 index is down 4.3%, Germany’s DAX 30 index is down 3.8%. Obvious decline in the U.S. stock market, the Dow, S & P 500 index and the Nasdaq’s cumulative decline of 4.4%, 4.9% and 6%.

Some analysts said the U.S. economic recovery into a trough, the euro zone economic growth is obviously slowing down the trend, coupled with the current Japanese financial market is in a “critical state”, the global market is still difficult to get out in August in the doldrums since the pattern of investor on September Most market forecasts become relatively cautious. Investment research and BarclayHedge TrimTabs latest report released by then, nearly half of the hedge fund managers bearish U.S. stock market, only about 17% of hedge fund managers bulls.

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