Starting with the Nikkei average rising by 399 yen, real wages fell 1.3% in February, negative for 23 consecutive months - high nominal growth for the first time in 8 months
Good morning to all moomoo users!Here's an overview of this morning's turnaround. Thank you in advance.
Market Overview Today's Nikkei Stock Average started at 39391.98 yen, 399.90 yen higher than the previous business day, and the Tokyo Stock Price Index (TOPIX) started at 2722.61, 19.99 points higher.
Top news Real wages fell 1.3% in February, negative for 23 consecutive months - high nominal growth for the first time in 8 months Real wages in February, reflecting price fluctuations, fell below the previous year for 23 consecutive months. Although nominal wages grew at a high rate for the first time in 8 months, the negative range widened from the previous month. The main reason was that the effects of the government's measures against high prices went round and the inflation rate was boosted again.
Current account surplus boosted by 2.6 trillion yen car exports and visitors to Japan in February According to the February balance of payments statistics (preliminary report) announced by the Ministry of Finance on the 8th, the current account balance showing the status of transactions of goods, services, etc. with overseas was a surplus of 2,644.2 billion yen. Automobile exports grew and the trade deficit narrowed, and an increase in visitors to Japan boosted the travel balance surplus.
Japan-US to contribute 110 million dollars to industry-government-academia framework through joint AI research The two governments of Japan and the United States have begun adjustments to establish a new framework for industry, government, and academia in order to develop technologies related to artificial intelligence (AI). The plan is to contribute approximately 110 million dollars (about 16.6 billion yen) for research. It will be announced in conjunction with the Japan-US summit meeting in Washington on the 10th.
Ueda Bank of Japan 1st year, the depreciation of the yen became a ghost for outstanding policy management by successive governors Bank of Japan Governor Ueda Kazuo took office on the 9th and it will be 1 year. The fact that we were able to dismantle “cross-dimensional mitigation,” which was seen as a fairly difficult project, is a major achievement. The attitude of prioritizing market stability paid off, but the depreciation of the yen progressed as a by-product. The rate of decline in the yen exchange rate this past year reached 13% (as of the 5th), which stands out among the 11 successive presidents under the floating exchange rate system.