Starting with the Nikkei Average depreciation of 160 yen, Japan's life insurance reduced its exchange hedging ratio, and there is also a possibility of further contraction - foreign securities

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Japan's CEOs are undergoing a generational change, fresh air in governance - changes in distance with shareholders
Corporate governance (corporate governance) reforms have been the driving force behind the recent rise in Japanese stocks. In the past, there were many people who viewed it as a passive reform led by the government, but the view is spreading among overseas investors that they have begun to get serious about reform after coming here. One of the major factors supporting this series of trends is the generational change of managers.

Japan's life insurance reduces exchange hedging ratio, and there is also a possibility of further contraction - foreign securities
Japanese life insurance companies have lowered their hedging ratio to the lowest level in the past 10 years in preparation for losses caused by the appreciation of the yen in exchange rates. There is a possibility that it will be lowered further in the next few months.

Japan's “passivation” of investment trusts is accelerating, and it has an advantage at low cost - the Orkan effect
The presence of passive investment trusts aiming for management results linked to market indices (indices) has rapidly increased in the Japanese public investment trust market. As personal money flows in against the backdrop of the Small Investment Tax Exemption System (NISA), etc., the low cost compared to active investment trusts that sell management power has become an advantage.

Governor Ueda is deepening his confidence in the inflation outlook - former Bank of Japan Governor Shimizu
Former Bank of Japan director Shimizu Noriko expressed recognition that recent statements by Governor Kazuo Ueda clearly show that they are clearly deepening their confidence in the inflation outlook. Mr. Shimizu pointed out on the 19th that “there was a slight surprise with the words chosen or used by the president.”

Sunbio - Selling Sight SB623 Conditional Approval Undeliverable for the time being = Nikkei
$SanBio(4592.JP)$There is a sales trend. The electronic edition of the Nihon Keizai Shimbun reported at 21:35 on the 19th that the specialized committee of the Ministry of Health, Labor, and Welfare approved conditions and time-limited approval for the regenerative medicine product “SB623)” that the company had applied for.

Sakura Internet — Promising Sale Price 4,468 yen Discount Rate 7.01% | Individual Articles | News | Traders Web
$SAKURA Internet(3778.JP)$There is a sales trend. The company announced on the 19th that the issue price for issuing new shares through an announced public offering was 4468 yen. There will be a 7.01% discount from the closing price on the 19th.