[Japan Market Conditions] The Nikkei average rose by 1200 yen, recovered to the level before the crash, and anxiety receded due to depreciation of the yen

Updated 2024/8/13 15:47 JST (some excerpts)
Stocks continued to rise drastically in the Japanese market on the 13th. The Nikkei Stock Average, which has risen by over 1200 yen, has recovered its sharp drop on the 5th of last week and has reached a high level since the 1st. Investors' risk orientation recovered as exchange rates settled down, and funds went to stocks. The yen was cheap, and long-term bonds rose.

　　Uncertainty about the future of the economy has increased due to a drastic deterioration in US employment statistics announced on the 2nd, and in global financial markets, which fluctuated rapidly last week, price movements became smaller during the 3 consecutive holidays in the Japanese market, and they are recovering from turmoil. The fact that Mr. Makoto Sakurai, a former Bank of Japan deliberation committee member, showed a cautious view on interest rate hikes also weakened concerns about the domestic economy due to additional interest rate hikes, leading to a calm in the market price.