Corporate Japan Is Doing Very Well, Says CLSA's Smith

The video discusses the recent changes in the manufacturing and services index, highlighting a decline in both sectors. It contrasts corporate sentiment with actual profit, noting that sentiment is a lagging indicator. The discussion also covers the impact of US-Japan trade relations, particularly focusing on the TPP and potential changes due to US policies.

What was the change in the large manufacturing index from the second quarter?

• It increased from 19 to 21.

• It decreased from 21 to 19.

• It remained stable at 21.

• It increased from 21 to 23.

What is the potential benefit for companies with a weaker yen?

• Higher domestic sales.

• Lower profit margins.

• Increased import costs.

• A tailwind for exports.

How does the speaker view the sentiment index?

• As a leading indicator.

• As a lagging indicator.

• As an indicator of economic growth.

• As a measure of corporate profit.

What is the 'chicken tax' mentioned in the context of the US auto industry?

• A tax on poultry imports.

• A 25% tax protecting US SUVs.

• A tax on all imported vehicles.

• A tax on Japanese cars.

What is Japan's focus in terms of trade agreements?

• The Trans-Pacific Partnership (TPP).

• The European Union Free Trade Agreement.

• The North American Free Trade Agreement (NAFTA).

• Bilateral agreements with the US.