Nikkei starts down 394 yen - Focus on Bank of Japan meeting: New price outlook and Governor's press conference, whether there will be measures against yen depreciation.

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USD/JPY exchange rate broke through 155 yen, continuing the yen's depreciation due to concerns about foreign exchange intervention. Behind this is the selling pressure from domestic participants.
The yen exchange rate fell to 155 yen per dollar, the lowest level in 34 years. While there is growing concern about intervention by the government and the Bank of Japan to buy yen, the depreciation of the yen continues. This is because domestic import companies and institutional investors have a large demand for dollars and periodically sell yen to buy dollars.

Points to watch in the Bank of Japan's meeting: new price outlook, press conference by the governor, and whether or not there will be measures to restrain the depreciation of the yen.
At the monetary policy meeting of the Bank of Japan on the 26th, it is expected that the current monetary policy will be maintained. In the midst of awareness of inflationary pressure, including the impact of the yen depreciation, which is at its lowest level in 34 years, attention will be paid to the new economic and price outlook and Governor Haruhiko Kuroda's press conference to explore hints for additional interest rate hikes and policy measures such as government bond purchases.

Canon: Selling pressure. On the 24th, the company announced that its operating profit for the first quarter of the 24.12 fiscal year (January to March) was 80.08 billion yen (a decrease of 5.2% compared to the same period last year) based on US standards. The increase in operating expenses denominated in foreign currency due to the depreciation of the yen had an impact. The market consensus was 90.5 billion yen.
$Canon (7751.JP)$Fanuc Corp: Selling pressure. The company expects its operating profit for the current fiscal year to decrease by 15% compared to the previous year, following a 26% decrease in the previous fiscal year.

Fanuc Corp: Selling pressure. The company expects its operating profit for the current fiscal year to decrease by 15% compared to the previous year, following a 26% decrease in the previous fiscal year.
$Fanuc (6954.JP)$Being sold. The company announced on the 24th that its forecast for consolidated operating profit for the 25.3 fiscal year is 121 billion yen (a decrease of 14.7% compared to the previous year). The market consensus was 151.1 billion yen.

Panasonic HD falls. The company revised its final profit for the previous period downward, taking into account the impairment loss on goodwill. | Individual Article | News | Traders' Web
$Panasonic Holdings (6752.JP)$Falling. The company announced on the 24th that it will revise its forecast for consolidated net profit for the 24.3 fiscal year (IFRS) from the previous 460 billion yen to 440 billion yen (an increase of 65.7% compared to the previous year). The market consensus was 449.1 billion yen.