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Forums - Nintendo - Nintendo Stock Jumps Up 8% as Yen Weakens,US job market improves

N-Magic on 09 March 2013

Combination of fiscal upturns pushes corp's shares to 10,330 Yen

Nintendo's stock has jumped by eight per cent to 10,330 Yen after a combination of a weakening Yen and an improving US job market produced windfalls for many exporters on the Tokyo Stock Exchange.

It was the second day of consistent growth for the company, although today's upswing was much more marked. 39 per cent of Nintendo's sales are from the US, meaning that US equity gauge improvements and a six-week low in US unemployment have added to the impact of currency market shifts.

Many Japanese companies which export a large percentage of their products have felt the impact of a comparatively strong Yen in recent years, with Sony citing it as a major reason behind it losing ground in several key business to Korean companies. With the Yen now losing some of its value, profits gathered abroad are now more valuable to Japanese organisations.

Many Japanese stocks saw the benefits of the boost, but most were not of the same scale as Nintendo's. Sony, for example saw a rise of 0.9 per cent to 1,464 Yen, but has experienced a more consistent rise in value over the last couple of months in anticipation of and as a response to the announcement of the PlayStation 4. Namco Bandai, Capcom and Konami also all saw prices rise.

LINK: http://www.gamesindustry.biz/articles/2013-03-08-nintendo-stock-leaps-8-percent-as-yen-weakens-us-job-market-improves




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Conegamer on 09 March 2013

That's...quite the big increase actually.



 

Here lies the dearly departed Nintendomination Thread.

sethnintendo on 09 March 2013

Why was the Yen so high for the past few years? I thought Japanese economy wasn't that great either. Perhaps it was better than everyone else? I believe Japan's bank kept trying to devalue the yen in the past few years. Anyways I don't see why it went from ~80 per US dollar to almost 100 now.



Otakumegane on 09 March 2013

Yeah this is a response to the Vita numbers+Yen.

I don't think it can be anything else. (WiiU still needs gamez)



http://gamrconnect.vgchartz.com/profile/92109/nintendopie/ Nintendopie  Was obviously right and I was obviously wrong. I will forever be a lesser being than them. (6/16/13)

Meret on 09 March 2013

Great news!



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Mr Khan on 09 March 2013
sethnintendo said:
Why was the Yen so high for the past few years? I thought Japanese economy wasn't that great either. Perhaps it was better than everyone else? I believe Japan's bank kept trying to devalue the yen in the past few years. Anyways I don't see why it went from ~80 per US dollar to almost 100 now.

Because the conservative (in the small c sense) Bank Of Japan provided a rock of stability for currency investors amidst the Keynesian madness of the last 4.5 years since the Great Financial Crash. With the Euro, Pound, and Dollar tanking, Japan remained constant, which made it more attractive to foreign investors, increasing a deflation problem because you had a strong currency in a depressed economy, whose main lure was simply as an investment/speculation currency, forcing it even further down.

Now Japan's gone neo-Keynesian with Shinzo Abe imposing his will against the BoJ, however, while America is lurching its way through recovery and the EU stabilizes, so the reverse is happening.

The important thing here, as the OP indicated, is that Nintendo beat the general upward trend. Otherwise it would just be a matter of them being on the rising tide.



Monster Hunter: pissing me off since 2010.

newwil7l on 09 March 2013

Nice Ninty.



kopstudent89 on 09 March 2013
sethnintendo said:
Why was the Yen so high for the past few years? I thought Japanese economy wasn't that great either. Perhaps it was better than everyone else? I believe Japan's bank kept trying to devalue the yen in the past few years. Anyways I don't see why it went from ~80 per US dollar to almost 100 now.


During the recession, the Yen grew very strong. The last 6 months though has seen a major reverse trend.