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Starting with the depreciation of the Nikkei Average of 89 yen, the exchange rate is not in line with fundamentals and is clearly speculative - Kanda Treasurer

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moomooニュース日本株 wrote a column · Mar 24 19:09
Starting with the depreciation of the Nikkei Average of 89 yen, the exchange rate is not in line with fundamentals and is clearly speculative - Kanda Treasurer
Good morning to all moomoo users!Here's an overview of this morning's turnaround. Thank you in advance.

Market Overview
Today's Nikkei Stock Average began at 40798.96 yen, 89.47 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) fell 8.68 points from the previous business day at 2804.54.
Starting with the depreciation of the Nikkei Average of 89 yen, the exchange rate is not in line with fundamentals and is clearly speculative - Kanda Treasurer
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Exchange rates are not in line with fundamentals and are clearly speculative - Kanda Treasurer
On the morning of the 25th, Treasurer Kanda Masato expressed the view that “the exchange rate is not in line with fundamentals and is clearly speculative” regarding the fact that the depreciation of the yen is progressing in the exchange market, and “responds appropriately to fluctuations that have gone too far without eliminating any means.” Preparations have already been made,” and they fought back the market. I told reporters within the Ministry of Finance.

Time to break up with Bank of Japan dependency, companies take the lead in a world with interest rates
The Bank of Japan decides to lift large-scale easing, including negative interest rate policies, and takes a step towards normalizing monetary policy. Long-term mitigation also left a negative legacy. Can businesses, households, and governments return to a “world with interest rates”? The interest rate hike for the first time in 17 years is a turning point in restarting Japan.

The unstoppable depreciation of the yen, and market predictions in the 152 yen range that test the “seriousness” of intervention
The depreciation of the yen is unstoppable in the foreign exchange market. There are also voices predicting that the dollar = 152 yen range will be reached for the first time in 34 years. This is because the meeting between Japan and the United States to decide monetary policy is over, and the view that the interest rate difference between Japan and the US will not shrink for the time being prevails. Finance Minister Shunichi Suzuki fought back against speculative movements on 21-22, but the market is trying to determine the government's seriousness about exchange intervention.

The Japanese stock boom is not over, and interest rate hikes for the first time in 17 years due to trust in corporate performance
Interest rate hikes by the Bank of Japan since 2007 did not slow down the record rise in the Japanese stock market. This is because corporate performance in both the export and domestic demand sectors is good, and bullish investors continue to have a sense of security about the future.

Kobayashi Pharmaceutical - Selling Signs Voluntary Recall of Red Yeast Related Products Report on Kidney Disease Outbreak
$Kobayashi Pharmaceutical (4967.JP)$There is a sales trend. The company announced on the 22nd that it had received reports that kidney disease etc. occurred in people who ingested the food “red yeast cholesterol help” with functional claims.

TOPPAN - SIGNS OF BUYING - 40% increase in image sensor material production capacity in China transferred from Japan = Nikkei
$Toppan Holdings (7911.JP)$It's a buying trend. The morning edition of the Nihon Keizai Shimbun dated 23rd reported that the company transferred production of components for CMOS (complementary metal oxide semiconductor) used in cameras etc. from Japan to China.
ANA - continued increase domestic freight rates 1/10 daytime only, demand replacement on par with trucks = Nikkei
$ANA Holdings (9202.JP)$It continues to grow. The morning edition of the Nihon Keizai Shimbun dated 23rd reported that the company will reduce domestic air freight charges by up to 1/10 during the daytime from April.
Starting with the depreciation of the Nikkei Average of 89 yen, the exchange rate is not in line with fundamentals and is clearly speculative - Kanda Treasurer
Distribution source: Bloomberg, Nihon Keizai Shimbun, Traders Web
ー Moo Moo News Japanese stock Evelyn
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  • 181338057犬心久美子 : Looks like things are going well this week. America 🇺🇸 has consecutive holidays on Friday and St. Friday. There may be a handover sale before the holidays. I'm sorry if I made a mistake.
    The PCE deflator index also comes out,
    Trading may be limited.
    It doesn't matter at all, but the Dodgers
    I'm dumbfounded on things related to Otani[undefined]
    why? I wonder if we've come this far...
    I'm also worried about his mentality. Resolve quickly
    I want them to head there.

  • miracle mantarou 181338057犬心久美子 : Otani (interpreter Ippei-san problem) is a hot topic that may not be relevant, but I'm worried too.
    The investigation results based on the remittance from Mr. Otani's account led to the conclusion that it was joint responsibility, and I am concerned about the worst trend of permanent banishment. Gambling is illegal in California, so I'm worried.

  • 美しいヒル_5076 : I would like to talk about complementary metal oxide semiconductors. Oxidation means that when attached to a litmus test paper, it turns red, so it burns so that a matchstick catches fire so that oxygen burns and turns red. And I'm saying that it will burn. If the retina, which is the nerve in the eye, is burned red, it will burn. I think we have to consider the materials used to make red film. I think that if you make a red film with a red liquid disinfectant called red chin and salt, your eyesight will deteriorate. That's because it's more toxic than disinfecting. The reason why it is good to put it on when bleeding from the skin is that salt has the effect of hardening it. However, when it is related to the retina, salt has the property of not stretching much. It's cheap, hard salt, but it's inflexible and doesn't stretch easily. Also, since it increases thickness, I don't think the ingredients red chin and salt are suitable. And if I were to suggest it, I think it would be a good idea to use ingredients such as strawberry juice and sugar. Strawberries are vegetables in the herbal family, and they are vegetables that are gentle on the body and grow with lots of photosynthesis. A fruit is something that grows on a tree. Also, when applied to litmus test paper, cane sugar becomes blue-purple and has a color similar to blue sky, so there is a possibility that it will be easy on the eyes and can be seen well. So I think it's a good idea to use strawberry juice and sugar as the ingredients in the red film. Please take a look at it as a reference.

  • 不動修太郎 : Treasurer Kanda made a statement to fight against exchange rate movements, but how can they be taken?

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