Starting with a depreciation of 49 yen on the Nikkei average basic salary in May increased for the first time in 31 years, and real wages were negative for 26 consecutive months

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The yen continues to fight against historical lows, including the euro turmoil = this week's foreign exchange market
It seems that the battle and defense of the dollar/yen price range in the foreign exchange market this week will continue for the first time in 38 years. The US consumer price index (CPI) and US Federal Reserve (FRB) chairman Powell's congressional testimony are expected to influence the dollar, and the French political situation after the general election is alarmed as an uncertain factor for the euro.

Basic salary growth in May was high for the first time in 31 years, and real wages were negative for 26 consecutive months
While the strong results of this year's Spring Battle are being reflected, basic salary growth has been high since 1993/1. Although real wages continue to be negative due to high prices, there is a possibility that positive materials and markets will be accepted by the Bank of Japan, which is searching for a period of additional interest rate hikes.

Household financial assets that have begun to move, the danger of “eventually coming back to Japan” = Mr. Daisuke Karakama
There is no sign that the depreciation of the yen will be resolved. Cash circulation statistics for the fiscal year ending January to March 2012 announced by the Bank of Japan at the end of June are important as figures showing the latest trend in “yen sales in the household sector,” which is attracting attention as one cause of the depreciation of the yen. I have been watching this theme regularly through past book columns, and in January I contributed a column called “Will the New NISA Induce Foreign Currency Purchases and Be an Opportunity to 'Escape from Savings'?”

Promoting the use of covenants to protect corporate creditors, and the way to issue low rated bonds - Japan Securities Association
In Japan, investor protection will progress as companies that issue corporate bonds will begin to use covenants (financial restriction clauses), and it is expected that the way for low-rated companies to enter the bond market will be paved. The working group (WG) led by the Japan Securities Dealers Association completed a series of meetings held every month in June to discuss the details of covenants applied to low-rated corporate bonds.

Electronic component stocks such as Taiyo Yuden are strong, and attention is increasing due to the high effectiveness of Apple stocks
$Murata Manufacturing (6981.JP)$There is also a buy-and-sell exchange, $Taiyo Yuden (6976.JP)$Ya $Kyocera (6971.JP)$There are strong price movements in one corner of electronic component stocks, etc. In the US stock market the previous weekend, buying continued mainly on high-tech stocks, and the Nasdaq Composite Stock Price Index and the S&P 500 Index are in a situation where they are running in the highest value range.