Starting with the Nikkei average rising by 27 yen, consumer prices maintained the Bank of Japan target 2% level for 22 consecutive months, boosting normalization

Top news
Consumer prices maintained the BOJ target of 2% for 22 consecutive months, boosting normalization
Although the year-on-year rate of increase in the National Consumer Price Index (core CPI excluding fresh food) in January shrank for 3 consecutive months, it maintained 2% of the target set by the Bank of Japan for 22 consecutive months. In response to the current results, it seems that observations that the Bank of Japan will step into normalizing monetary policy in March or April will become even stronger.

Financial Services Agency to check lax bank loans due to rapid increase in compliance with bankruptcies
The Financial Services Agency checks banks' loan discipline. This is because the number of companies that go bankrupt due to compliance (compliance with laws and regulations) violations such as decluttering settlement is increasing, and verification is carried out, including on-site inspections, to see if there are any lax examinations. If the negative interest rate policy is lifted and it becomes a “world with interest rates,” the risk that sloppy loans will turn into bad debts will also increase.

France's Amundi continues to be bullish on Japanese stocks, and exchange hedging is postponed due to expectations of an appreciation of the yen
Amundi Asset Management, Europe's largest management company, anticipates that Japanese stocks and yen exchange rates will become increasingly strong. In an interview with Bloomberg, Eric Migot, who is in charge of global stock strategies, expressed the view that the Japanese stock market has hit a record high, yen is expected to rise against the dollar over the next 12 months, and overseas investors can obtain more profit if exchange rate hedging is not applied.

3 mega silver expands business in India, business opportunities due to rapid digitalization - potential appeal
Japanese megabanks are expanding their business in India. It was lagging behind in retail development in Asia $Mizuho Financial Group(8411.JP)$announced an investment in a local non-bank this month. All 3 megabytes were invested in local companies.

Ten new companies including Fujitsu and Hitachi participate with quantum computers
Domestic industry and academia will launch a new company in 2024 for commercialization of next-generation high-speed calculators and quantum computers (comprehensive two-sided words). From the industrial world $Fujitsu(6702.JP)$Ya $Hitachi(6501.JP)$、 $NEC(6701.JP)$Approximately 10 companies will participate and aim to realize a new type of high-performance commercial aircraft by fiscal year 30.

Nintendo - 4-day continuous expansion switch, stock secured to avoid shortage next March = Nikkei
$Nintendo(7974.JP)$continued to increase for 4 days. The morning edition of the Nihon Keizai Shimbun dated 27th reported that the company will also sell a successor to the game console “Nintendo Switch” in 2025/3. According to the article, it is expected that it will be a game console with both stationary and portable features similar to the Switch.

Rakuten Group - decline “Rakuten Ichiba” store opening fee 30% price increase in response to increased expenses = Nikkei
$Rakuten Group(4755.JP)$has declined. The morning edition of the Nihon Keizai Shimbun dated 27th reported that the company will raise monthly store opening fees on the internet shopping site “Rakuten Ichiba” by about 30%.

KDDI connects to Sony Honda EVs
$KDDI(9433.JP)$Is the 26th $Sony Group(6758.JP)$with $Honda Motor(7267.JP)$It was announced that it will collaborate with Sony Honda Mobility, which has a partial investment. The company provides KDDI communication lines for the electric vehicle (EV) “AFEELA (AFEELA),” which is scheduled to be sold in 2025, and supports the distribution of movies and games inside the car.

Distribution source: Nihon Keizai Shimbun, Bloomberg, Traders Web
ー MooMoo News Evelyn