The Nikkei Average closed on the 13th = 4 days of continuous decline, 159 yen depreciated to 26,237 yen
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● Nikkei Average closing on the 13th = 4 days of continuous decline, 159 yen depreciation of 26,237 yen
● If speculators move and there are rapid fluctuations, “firm response” - Finance Minister Suzuki due to weak yen
●Bank of Japan YCC, current target change is not a good idea - IMF Mr. Salgado
● Sony G Honda's EV joint venture to begin accepting orders in the first half of 2025 - production is in North America
● Attention to the handle:
— Moomoo News Japan Stocks
Market Overview
The Nikkei Stock Average on the 13th fell 159.41 yen (-0.60%) from the previous day to 26,237.42 yen and continued to fall for 4 days, ending trading. The number of stocks that have risen in price on the Tokyo Stock Exchange Prime is 342, the price drop is 1446, and the number of stocks that have dropped in price has greatly exceeded the number of stocks that have risen in price.
● Nikkei Average closing on the 13th = 4 days of continuous decline, 159 yen depreciation of 26,237 yen
● If speculators move and there are rapid fluctuations, “firm response” - Finance Minister Suzuki due to weak yen
●Bank of Japan YCC, current target change is not a good idea - IMF Mr. Salgado
● Sony G Honda's EV joint venture to begin accepting orders in the first half of 2025 - production is in North America
● Attention to the handle:
— Moomoo News Japan Stocks
Market Overview
The Nikkei Stock Average on the 13th fell 159.41 yen (-0.60%) from the previous day to 26,237.42 yen and continued to fall for 4 days, ending trading. The number of stocks that have risen in price on the Tokyo Stock Exchange Prime is 342, the price drop is 1446, and the number of stocks that have dropped in price has greatly exceeded the number of stocks that have risen in price.
Top news
If speculators move and fluctuate rapidly, “firm response” -- weak yen, Finance Minister Suzuki
Finance Minister Suzuki Shunichi stated on the 12th (US Eastern Time) that “if speculators move and there are rapid fluctuations, we will respond decisively” regarding the current depreciation of the yen. I told reporters after the first day of the 20 countries/regions (G20) finance ministers and central bank governors meeting held in Washington, USA. Mr. Suzuki said that he is closely watching trends in the exchange market with a high sense of tension, and he also said, “It's not that it has exceeded some level, but that we are paying attention to volatility.”
Bank of Japan YCC, current target change is not a good idea - IMF Mr. Salgado
Ranil Salgado, who is in charge of screening against Japan at the International Monetary Fund (IMF), expressed the view that shortening the target period for long-term interest rates at this time is not a good idea regarding the Bank of Japan's yield curve control (YCC, long and short interest rate manipulation). In an interview with Bloomberg Television, Mr. Salgado said that while shortening the target is important in order to increase the sustainability of the program, changes in the current situation may be taken as suggesting monetary tightening, so it is not a good idea.
Sony G Honda's EV joint venture to begin accepting orders in the first half of 2025 - production is in North America
Honda and the Sony Group announced on the 13th that they will begin accepting orders in the first half of 2025 at a newly established electric vehicle (EV) joint venture, and sales will be carried out during the same year. Chairman and Chief Executive Officer Mizuno Yasuhide (CEO) of Sony Honda Mobility, a joint venture between the two companies, said at a press conference held in Tokyo that shipments will begin in North America in the spring of '26, and Japan is planning for the latter half of '26. Production will be carried out at Honda's North American plant, and plans to expand sales mainly online have also been clarified.
Distribution source: Kabutan, Bloomberg
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