Outlook for Japanese stocks for the week: Moving forward cautiously, awaiting domestic earnings reports and upcoming elections, while keeping an eye on US earnings announcements.

October 18, 2024, 15:35 JST (excerpt)
The Japanese stock market in the fourth week of October (21st-25th) is expected to make progress cautiously. With the full-scale release of earnings reports from major domestic companies and the upcoming lower house election over the weekend, the situation lacks clear direction. The trends in US corporate earnings are also being closely monitored.
Scheduled domestic earnings announcements include Nidec on the 22nd, Canon Inc-Spons ADR on the 23rd, and Fanuc Corp, Shin-Etsu Chemicals, among others on the 24th. The full-scale release will occur in the following week with still relatively few announcements, and increasing uncertainty surrounding the performance of semiconductor-related companies is a concern. On the other hand, in the USA, General Motors and 3M on the 22nd, Texas Instruments (TI), and Boeing, Lam Research, Tesla on the 23rd.