Start with the Nikkei average rising by 58 yen The risk that Japanese stocks are high for the first time in 34 years, and the 40,000 yen key is removed “dependency on large stocks”

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Risks held by Japanese stocks that are high for the first time in 34 years, the key to 40,000 yen is “dependency on large stocks”
The Nikkei Stock Average has exceeded 36,000 yen since 1990, and the year-to-date rate of increase is 9.2%, which is above the world's major stock price indices. However, the sharp rise in market prices was led by a handful of large stocks, which indicates that the momentum is not necessarily strong. Strategists believe that the expansion of investment targets is essential in order to put it on the 40,000 yen mark for the first time since the recapture of the highest price in history.

Real Wages Plus 5 Private Think Tanks Predict “This Fall Too”
When Nihon Keizai Shimbun asked five private think tanks, conditions for the Japanese economy to grow led by domestic demand emerged. While the rate of increase in consumer prices stabilizes, if a high wage increase rate is achieved during the spring battle, positive real wages will be visible in the fall of 2024. Wage increases are essential in a wide range of industries. The predicted average wage increase rate for Spring Battle is 3.8%, and the base increase (bear) to raise the basic salary level is 2.1%. If realized, it will be a high wage increase level of 3.5% or more for 2 consecutive years for the first time in about 30 years.
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Sompo 3 days in a row, CEO Sakurada and others to retire due to big motor issues = Nikkei
$Sompo Holdings(8630.JP)$continued to increase for 3 days. The morning edition of the Nihon Keizai Shimbun dated 23rd reported that it became known that the company's Chairman Sakurada Kengo and Group Chief Executive Officer (CEO) will retire at the end of March. It is said that President Shirakawa Giichi of Sompo Japan, a core subsidiary, will also resign at the end of January. Based on the transaction issue with Big Motor, which fraudulently claimed insurance claims, they are rushing to rebuild by renewing the management system.

Kyocera - Buying Signs President “KDDI Shares, Partial Sale Discussion” Fall Utilization Measures = Nikkei
$Kyocera(6971.JP)$It's a buying trend. In the morning edition of the Nihon Keizai Shimbun dated 23rd, the company's president Tanimoto Hideo responds to the interview and holds the policy $KDDI(9433.JP)$It was reported that a policy showing specific utilization measures was clarified in the fall of 2024. It is said that the conventional policy of using bank loans as collateral will be reviewed with a view to some sales. It seems that they are trying to improve capital efficiency, where the return on equity (ROE) remains in the 4% range.

Nippon Steel - 3 days in a row, it is reported that a delegation will be dispatched to Washington due to the US Steel takeover plan
$Nippon Steel(5401.JP)$continued to increase for 3 days. Bloomberg News Agency quoted an article on Nikkei Asia on the 23rd, and the company is a major US steel company $United States Steel(X.US)$It was reported that a delegation headed by Vice President Moritaka Hiroshi was dispatched to Washington to discuss the acquisition plan.

US S&P to downgrade Sekisui House
The US rating agency S&P Global Ratings is on the 22nd $Sekisui House(1928.JP)$It was announced that the long-term issuer rating was designated as a “credit watch (CW),” which reviews the long-term issuer rating from “A” in the direction of downgrade. In response to the announcement that the US housing manufacturer M.D.C. Holdings will be acquired for 4.9 billion dollars (about 720 billion yen), it was determined that there is a high possibility that financial details will deteriorate drastically. S&P plans to cancel the CW after the acquisition by Sekisui House is completed.

Daihatsu undecided to resume production next month “I feel the customer's temperature”
$Toyota Motor(7203.JP)$Daihatsu Motor, which is under its umbrella, revealed on the 22nd that it is “currently undecided” regarding the resumption of production in February at domestic factories. Shipment suspension instructions for 5 models were lifted from the Ministry of Land, Infrastructure, Transport and Tourism on the 19th, but they only explained that “decisions will be made by looking at the customer's sense of temperature” regarding the resumption of shipments and production. It was also revealed that Daihatsu will hold a briefing session for parts companies on the 23rd.

Distributor: Bloomberg, Nihon Keizai Shimbun, Jiji Press, Traders Web
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