Starting with the depreciation of the Nikkei average of 135 yen, yen fell to the first half of the 161 yen range, and dollars were bought due to rising US interest rates after the FRB chairman's testimony

Top news
Read Japan's “what if tiger” industry and defense-related stocks are on the rise - rekindling tension between the US and China
If Republican candidate Donald Trump wins the US presidential election in November, there is a risk that tension with China will rise again, and in addition to Japan's movement to increase defense spending, which supports the rise since last year, Japan's defense-related stocks may obtain new stock price boosting materials.

Will the Bank of Japan's government bond purchase reduction hints be shown, and the bond market participants meeting will start today
At the bond market participant meeting held by the Bank of Japan on the afternoon of the 9th, the three megabanks and multiple securities companies asked the Bank of Japan to actively reduce government bond purchases. I found out through interviews with multiple stakeholders. According to the person concerned, at a meeting with the bank, it was stated that out of the three banks of Mitsubishi UFJ Bank, Sumitomo Mitsui Bank, and Mizuho Bank, 1 bank should cut the amount drastically at an early stage.

The yen fell to the first half of the 161 yen level, and dollars were bought due to rising US interest rates after the FRB chairman's testimony
The yen exchange rate of the Tokyo Foreign Exchange Market on the morning of the 10th fell from the evening of the previous day to 1 dollar = the first half of the 161 yen range. Federal Reserve Chairman Powell (FRB) has maintained a cautious stance on interest rate cuts in the United States, and has taken over the trend where dollars were bought as interest rates rose. The yen is once again approaching its low for the first time in about 38 years, and it seems that caution against exchange intervention by the government and the Bank of Japan will rise.

Recruit continues to grow, and a stock buyback with an upper limit of 87 million shares will be implemented
$Recruit Holdings (6098.JP)$It has continued to grow, and year-to-date highs have been updated. The announcement that a stock buyback will be carried out after the transaction ends on the 9th has been well received.