Starting with the Nikkei Average rising by 238 yen, the new NISA personal overseas investment “foreign exchange demand of 325 billion yen per month” calls for a depreciation of the yen
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Market Overview
Today's Nikkei Stock Average started at 36249.99 yen, 238.53 yen higher than the previous business day, and the Tokyo Stock Price Index (TOPIX) was 9.85 points higher than the previous business day at 2543.89.
Today's Nikkei Stock Average started at 36249.99 yen, 238.53 yen higher than the previous business day, and the Tokyo Stock Price Index (TOPIX) was 9.85 points higher than the previous business day at 2543.89.
Top news
New NISA calls for depreciation of yen, individual overseas investment “325 billion yen per month foreign exchange demand”
Views have emerged in the foreign exchange market that individual overseas investments through the new small investment tax exemption system (NISA) will cause new depreciation pressure on the yen. There is an estimate that individuals will invest over 300 billion yen every month into overseas assets such as stocks under the new NISA. Demand to replace yen with foreign currency occurs, and it works in the direction of depressing the yen exchange rate. In particular, it seems that there will be an increase in the number of situations where yen weakens in the first half of the month when there are many funded investments.
Mitsui & Co., Ltd. partners with NVIDIA to supply supercomputers to pharmaceuticals
$Mitsui (8031.JP)$On the 1st, pharmaceutical companies started a service that allows them to use supercomputers. Major US semiconductor company $NVIDIA (NVDA.US)$It is teamed up with to provide cutting-edge supercomputers, and is useful for elucidating the mechanism of diseases using artificial intelligence (AI) and pharmaceuticals. It will lead to strengthening the competitiveness of domestic pharmaceutical companies that lag behind Western forces.
WeeWork Japan business, SoftBank takes over
$SoftBank Group (9984.JP)$Domestic telecommunications companies of $SoftBank (9434.JP)$On the 1st, it was announced that it would take over the Japanese business of WeeWork, a major US shared office company. WeeWork Japan, the Japanese corporation of WeeWork, applied to the Tokyo District Court for the application of the Civil Rehabilitation Law on the same day and it was accepted. It takes over the company's business and debts related to the business.
The possibility that short sales will pay off with Aozora Gin Stock, the biggest drop in US ADR ever
$Aozora Bank (8304.JP)$In response to the fact that stock prices plummeted 21% after disclosing losses related to real estate loans for US offices, there is a possibility that traders who have been shorting stocks will profit. On the 1st, Aozora Gin, which is the second shorted stock adopted by the Nikkei Average, revised its net profit and loss forecast for the current fiscal year (fiscal year ending 2024/3) downward from a conventional surplus to a deficit of 28 billion yen, and the stock price stopped falling. Aozora Bank recorded an additional provision of 32.4 billion yen for real estate loans in North America in the third quarter. The American Depositary Receipts (ADR) price on the 1st ended at 26% lower than the previous day, and recorded the largest rate of decline ever since 2012, which can be traced back to Bloomberg data.
RELATED ARTICLES
Aozora Bank reconsiders areas of focus, new president Omi, balance issues with emerging loans and enhanced LBO risk management
17 securities companies, final profit increase, surplus stock appreciation and new NISA tailwind
Securities companies are doing well. In the financial results for the fiscal year ending 2023/4/12 of the 18 major companies announced by the 1st, 14 companies had a final increase in profit compared to the same period last year, and 3 companies turned into surpluses. Mainly the individual (retail) sector has improved due to stock appreciation, and account openings with an eye on the new small investment tax exemption system (NISA) have also increased in internet securities. However, in some major companies, monetization has been delayed due to reforms that shift the focus to wealthy customers, and issues have also come to light.
4 Japanese car companies increase new car sales 17% in January Toyota is doing well with HVs
$Toyota Motor (7203.JP)$、 $Honda Motor (7267.JP)$The number of new US car sales in January, which was announced by the 4 Japanese car companies on the 1st, was about 333,000 units, an increase of 17% compared to the same month of the previous year. It surpassed the previous year's results for 11 consecutive months. Toyota increased 23% and led the whole. The other 3 companies were also positive compared to the previous year.
Toyota shortens factory operation limit by 30 minutes after a series of irregularities, and “room” at production sites
$Toyota Motor (7203.JP)$It became known on the 2nd that it is a plan to shorten the upper limit of operating hours by 30 minutes in principle for domestic finished car factories from fiscal year 2024. In response to the fact that certification fraud has occurred one after another at group companies such as Daihatsu Motor and Toyota Industries, etc., production sites have room, leading to quality assurance.
Panasonic expands ventilation business with 40% investment in air conditioning equipment
$Panasonic Holdings (6752.JP)$On the 1st, it was announced that it had invested 40% in the Italian air conditioning equipment manufacturer Innova. The amount of shares acquired is undisclosed. Panasonic is putting effort into developing the “heat pump heater” market with high energy saving performance in Europe. As competitors introduce new products one after another due to heightened environmental awareness, a capital and business alliance will be formed with Innova, which has strengths in ventilation, and the product lineup will be strengthened.
Distribution source: Nihon Keizai Shimbun, Bloomberg
ー MooMoo News Japanese stock Sherry
New NISA calls for depreciation of yen, individual overseas investment “325 billion yen per month foreign exchange demand”
Views have emerged in the foreign exchange market that individual overseas investments through the new small investment tax exemption system (NISA) will cause new depreciation pressure on the yen. There is an estimate that individuals will invest over 300 billion yen every month into overseas assets such as stocks under the new NISA. Demand to replace yen with foreign currency occurs, and it works in the direction of depressing the yen exchange rate. In particular, it seems that there will be an increase in the number of situations where yen weakens in the first half of the month when there are many funded investments.
Mitsui & Co., Ltd. partners with NVIDIA to supply supercomputers to pharmaceuticals
$Mitsui (8031.JP)$On the 1st, pharmaceutical companies started a service that allows them to use supercomputers. Major US semiconductor company $NVIDIA (NVDA.US)$It is teamed up with to provide cutting-edge supercomputers, and is useful for elucidating the mechanism of diseases using artificial intelligence (AI) and pharmaceuticals. It will lead to strengthening the competitiveness of domestic pharmaceutical companies that lag behind Western forces.
WeeWork Japan business, SoftBank takes over
$SoftBank Group (9984.JP)$Domestic telecommunications companies of $SoftBank (9434.JP)$On the 1st, it was announced that it would take over the Japanese business of WeeWork, a major US shared office company. WeeWork Japan, the Japanese corporation of WeeWork, applied to the Tokyo District Court for the application of the Civil Rehabilitation Law on the same day and it was accepted. It takes over the company's business and debts related to the business.
The possibility that short sales will pay off with Aozora Gin Stock, the biggest drop in US ADR ever
$Aozora Bank (8304.JP)$In response to the fact that stock prices plummeted 21% after disclosing losses related to real estate loans for US offices, there is a possibility that traders who have been shorting stocks will profit. On the 1st, Aozora Gin, which is the second shorted stock adopted by the Nikkei Average, revised its net profit and loss forecast for the current fiscal year (fiscal year ending 2024/3) downward from a conventional surplus to a deficit of 28 billion yen, and the stock price stopped falling. Aozora Bank recorded an additional provision of 32.4 billion yen for real estate loans in North America in the third quarter. The American Depositary Receipts (ADR) price on the 1st ended at 26% lower than the previous day, and recorded the largest rate of decline ever since 2012, which can be traced back to Bloomberg data.
RELATED ARTICLES
Aozora Bank reconsiders areas of focus, new president Omi, balance issues with emerging loans and enhanced LBO risk management
17 securities companies, final profit increase, surplus stock appreciation and new NISA tailwind
Securities companies are doing well. In the financial results for the fiscal year ending 2023/4/12 of the 18 major companies announced by the 1st, 14 companies had a final increase in profit compared to the same period last year, and 3 companies turned into surpluses. Mainly the individual (retail) sector has improved due to stock appreciation, and account openings with an eye on the new small investment tax exemption system (NISA) have also increased in internet securities. However, in some major companies, monetization has been delayed due to reforms that shift the focus to wealthy customers, and issues have also come to light.
4 Japanese car companies increase new car sales 17% in January Toyota is doing well with HVs
$Toyota Motor (7203.JP)$、 $Honda Motor (7267.JP)$The number of new US car sales in January, which was announced by the 4 Japanese car companies on the 1st, was about 333,000 units, an increase of 17% compared to the same month of the previous year. It surpassed the previous year's results for 11 consecutive months. Toyota increased 23% and led the whole. The other 3 companies were also positive compared to the previous year.
Toyota shortens factory operation limit by 30 minutes after a series of irregularities, and “room” at production sites
$Toyota Motor (7203.JP)$It became known on the 2nd that it is a plan to shorten the upper limit of operating hours by 30 minutes in principle for domestic finished car factories from fiscal year 2024. In response to the fact that certification fraud has occurred one after another at group companies such as Daihatsu Motor and Toyota Industries, etc., production sites have room, leading to quality assurance.
Panasonic expands ventilation business with 40% investment in air conditioning equipment
$Panasonic Holdings (6752.JP)$On the 1st, it was announced that it had invested 40% in the Italian air conditioning equipment manufacturer Innova. The amount of shares acquired is undisclosed. Panasonic is putting effort into developing the “heat pump heater” market with high energy saving performance in Europe. As competitors introduce new products one after another due to heightened environmental awareness, a capital and business alliance will be formed with Innova, which has strengths in ventilation, and the product lineup will be strengthened.
Distribution source: Nihon Keizai Shimbun, Bloomberg
ー MooMoo News Japanese stock Sherry
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