Tokyo Market Summary: The Nikkei Average continues to decline, Toyota cooperates with solid JAXA and Mitsubishi Heavy Industries on a lunar rover under development

Hello Moomoo users!Thank you for your hard work. Today's stock market summary is as follows. Thank you in advance.
●The Nikkei Average ended at 32304.25 yen, 186.27 yen lower than the previous business day
● The forecast for the Bank of Japan's July meeting “correction of long and short interest rate operations” is 30% market research
● The driving force for leaps and bounds in Japanese stocks, trading companies/semiconductor stocks are uncertain, and adjustments may be made once
● Eisai - increasing the effectiveness of a solid new dementia drug in combination with a 24-year clinical trial = Nikkei
● Toyota - cooperating with the solid JAXA and Mitsubishi Heavy Industries on a lunar rover under development = Nikkei
● Notable stocks: $Eisai(4523.JP)$、 $Toyota Motor(7203.JP)$、 $Disco(6146.JP)$、 $Daiichi Sankyo(4568.JP)$、 $Mitsui O.S.K. Lines(9104.JP)$etc
-Moomoo News Japan Stocks

Market Overview
The Nikkei Stock Average ended at 32304.25 yen, 186.27 yen lower than the previous business day in the Tokyo stock market today, and the Tokyo Stock Price Index (TOPIX) was 1.30 points higher at 2262.20.

Top news
The forecast for the Bank of Japan's July meeting “correction of long and short interest rate operations” is 30% market research
The Bank of Japan will hold a monetary policy meeting on the 27th to 28th. When Nikkei Quick News conducted a questionnaire survey targeting 26 “Bank of Japan watchers” who analyze monetary policy, the prediction that policy revisions would be decided at the July meeting was 30% of the total. There were 8 people (31% of the total) predicting that monetary policy “will be revised,” and all of the revisions were related to long and short interest rate manipulation (yield curve control, YCC).

The driving force behind Japanese stocks by leaps and bounds, trading companies/semiconductor stocks are uncertain, and adjustments will be made once
Trading company stocks and semiconductor stocks, which have been the driving force behind the rise in Japanese stocks this year, do not necessarily have good earnings forecasts, and market participants are wary about the possibility that they will enter an adjustment phase once financial results are announced. It became an investment target for famous American investor Warren Buffett $ITOCHU(8001.JP)$、 $Marubeni(8002.JP)$、 $Mitsui(8031.JP)$、 $Mitsui(8031.JP)$、 $Mitsubishi(8058.JP)$The TSE Wholesale Stock Index, where stocks of the five largest trading companies account for 70% of the weight, became the top performer among the 33 industries of the Tokyo Stock Exchange, with an increase rate of 39% in the first half of this year.

Notable stocks
Eisai - increasing the effectiveness of a solid new dementia drug in combination with a 24-year clinical trial = Nikkei
$Eisai(4523.JP)$is solid. The electronic edition of the Nihon Keizai Shimbun reported at 12:31 on the 21st that the company will begin clinical trials of new drug candidates with a different structure in 2024, following the Alzheimer's disease remedy “recanemab.” According to the article, recanemab has just been officially approved in the United States, but multiple molecules are involved in dementia, and it seems that if various therapeutic agents are developed and used together, there is a possibility that the effects of preventing the onset and suppressing worsening of symptoms can be enhanced.

Toyota - cooperating with the solid JAXA and Mitsubishi Heavy Industries on a lunar rover under development = Nikkei
$Toyota Motor(7203.JP)$is solid. The electronic edition of the Nihon Keizai Shimbun was 14:05 on the 21st, on the same day on a lunar rover being developed by the Company with the Japan Aerospace Exploration Agency (JAXA) $Mitsubishi Heavy Industries(7011.JP)$It was reported that they had made it clear that they would cooperate with it. According to the article, the company and Mitsubishi Heavy Industries are each developing a lunar rover, and it is said that they will utilize each other's technology. It is said that cooperation between the private sector will be accelerated in preparation for the start of operation in 2029.

DISCO --- Momiage, and in response to financial results announcements, there is also relative solidity in semiconductor-related matters
$Disco(6146.JP)$It's a fight. Amid semiconductor-related simultaneous depreciation, there is a situation where comparatively solidity is also conspicuous. The first quarter financial results were announced the day before, and operating profit was 17 billion yen, down 21.4% from the same period last year, and market consensus was also declining. However, the standalone bulletin was announced first, and the negative reaction to the downside seems to be limited.

Even though SoftBank G is weak, sales are absorbed on the 25th line, and the NASDAQ sharp decline is a headwind, but expectations are for AI-related investments
$SoftBank Group(9984.JP)$The decline continued, showing the appearance of the 7000 yen mark of the battle and defense, but today sales pressure intensified and it fell to the 6800 yen level. While economy-sensitive stocks are being bought here in the US stock market, high-tech stocks are in a trend where profit is being taken, and while the day before the NY Dow recorded 9 consecutive increases for the first time in about 6 years, the Nasdaq Composite Stock Price Index showed a decline of more than 2%.

Daiichi Sankyo - Rebellion obtains approval to sell VANFLYTA in the US
$Daiichi Sankyo(4568.JP)$rebelled. The company announced on the 21st that it has obtained marketing approval for VANFLYTA (quizaltinib, FLT3 inhibitor) from the US Food and Drug Administration (FDA) for primary treatment of acute myeloid leukemia (hereinafter “AML”) with FLT3-ITD mutations. It is the first FLT3 inhibitor approved by the FDA throughout the remission induction therapy phase, consolidation therapy phase, and maintenance therapy phase in primary AML treatment, and it is said that sales will begin in the United States within the next few weeks.

Toshiba partners with local companies to support the safe operation of nuclear power plants in the UAE
$東芝(6502.JP)$announced on the 21st that it has partnered with Nawa Energy Company, which is under the umbrella of a nuclear power company in the United Arab Emirates (UAE). The company is involved in the operation and maintenance of nuclear power plants in the UAE. Toshiba provides a wide range of information on nuclear power plant operations, such as know-how when selecting companies and equipment involved in nuclear power generation.

MOL - Participates in the second stage of the robust Nippon Foundation's unmanned ship project
$Mitsui O.S.K. Lines(9104.JP)$is solid. The company announced on the 21st that it will participate in the “technology development subsidy program for social implementation of unmanned ships” in the unmanned ship project “MEGURI2040” promoted by the Nippon Foundation as a member of a consortium composed of 51 domestic companies.

Buying into defensive stocks amid the NTT-3-day continuous growth trend, Chugoku Electric Power is also expensive
$Nippon Telegraph & Telephone(9432.JP)$continued to increase for 3 days. Defensive stocks are being bought in the midst of a soft situation. The company's basic idea is to implement continuous dividend increases, and plans to increase dividends for 13 consecutive terms. Company stock buybacks are also being carried out from time to time, and it seems that the fact that they have a positive attitude towards shareholder returns is also viewed as buying material.

Distribution source: Nihon Keizai Shimbun, Bloomberg, Minkabu, Traders Web, FISCO