Starting with the Nikkei average rising by 166 yen, TOPIX surpassed the all-time high in 89/12

Top news
The yen is in the latter half of the 161 yen range, and the trend of yen sales continues even though US interest rates fall due to weak economic indicators
The yen exchange rate of the Tokyo Foreign Exchange Market on the morning of the 4th remained flat from the evening of the previous day, in the latter half of the $1 = 161 yen range. Economic indicators such as employment and business confidence fell short of expectations in the United States, and observations of interest rate cuts by the end of the year intensified. There were also situations where yen was bought in response to a decline in long-term US interest rates during overseas hours, but the yen sales trend did not change. The trend in the low range for the first time in about 38 years continues, and the sense of caution against yen buying intervention by the government and the Bank of Japan also remains smoldering.

Issuance of foreign bonds by Japanese companies is at a record high, and Sumitomo Mitsui Financial Group has raised 730 billion yen
The issuance of foreign currency-denominated corporate bonds by Japanese companies is becoming more active. Ahead of the US presidential election, there is an aim to secure funds to be used for acquisitions and growth strategies before the market becomes unstable. $Sumitomo Mitsui Financial Group(8316.JP)$On the 3rd, the conditions for issuing dollar-denominated bonds with a total value of 4.5 billion dollars (about 730 billion yen) in 5-strand bonds were decided.

Hitachi CFO Motivated for Massive M&A of Hundreds of Billions of Yen - Sales of Low-Profit Businesses Continue
$Hitachi(6501.JP)$Chief Financial Officer Tomomi Kato (CFO) revealed in an interview on the 3rd that there is a possibility that the company will once again embark on large-scale mergers and acquisitions (M&A). Also, the idea is to actively proceed with asset replacement in the future, including the sale of businesses with low profit margins.

Popularity accelerates due to the expansion of the edge AI market, which continues to be oriented towards higher prices for electronic component stocks such as Murata Manufacturing ◇
$Murata Manufacturing(6981.JP)$In addition to continuing strong price movements, $Taiyo Yuden(6976.JP)$Ya $TDK(6762.JP)$Major electronic component manufacturers, which showed a sudden move the day before, are increasing their prices.