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Starting with the Nikkei Average rising by 40 yen, if underlying prices continue to rise due to the depreciation of the yen, there is a possibility that the pace of normalization will speed up - Bank of Japan Opinion

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moomooニュース日本株 wrote a column · May 9, 2024 08:18
Starting with the Nikkei Average rising by 40 yen, if underlying prices continue to rise due to the depreciation of the yen, there is a possibility that the pac...
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 38242.92 yen, 40.55 yen higher than the previous business day, and the Tokyo Stock Price Index (TOPIX) started at 2716.77, 10.34 points higher.
Starting with the Nikkei Average rising by 40 yen, if underlying prices continue to rise due to the depreciation of the yen, there is a possibility that the pac...
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If underlying prices continue to rise due to the depreciation of the yen, there is a possibility that the pace of normalization will accelerate - Bank of Japan Opinion
At the monetary policy meeting held by the Bank of Japan on April 25 and 26, policy committee members expressed the opinion that there is a good possibility that the pace of normalization will accelerate if the underlying upward trend in the inflation rate continues against the backdrop of a depreciation of the yen. The “main opinions” were announced on the 9th.
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Main opinions of the Bank of Japan meeting (held 4/25-26) may lead to an increase in the inflation rate due to the depreciation of the yen
Exchange intervention “always ready to do it”, current yen depreciation - Kanda Treasurer
On the morning of the 9th, Treasurer Kanda Masato took control of the market in response to the current depreciation of the yen, saying “we are ready to carry out exchange intervention at any time.” I told the press corps within the ministry. Also, he said, “There is no fact that government officials said anything about exchange intervention.”
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Government officials say exchange intervention was carried out on 4/29 and 5/2 TV Tokyo
The yen fell to the middle of the 155 yen range, and the Bank of Japan was not a deterrent to the depreciation of the yen - the rise in US interest rates weighed
Real wages fell 2.5% in March, negative for 24 consecutive months, longest ever
According to the March monthly labor statistics survey (preliminary report, establishments with 5 or more employees) announced by the Ministry of Health, Labor, and Welfare on the 9th, wages per person actually decreased 2.5% from the same month last year, taking into account price fluctuations. The decline was the longest ever for 24 consecutive months. Although total salaries have increased, they continue to be unable to keep up with high prices.
If Bank of Japan Governor Ueda “adjusts interest rates early” and prices rise
Bank of Japan Governor Ueda Kazuo said on the 8th that “it will be appropriate to adjust interest rates earlier” if the price outlook were to rise or the risk of an increase increases.
IHI - Buying Sentiment: Final Surplus of 60 billion yen This fiscal year is expected to be in deficit of 68.2 billion yen for the previous fiscal year
$IHI (7013.JP)$It's a buying trend. The company announced on the 8th that it will set its consolidated net profit and loss forecast (IFRS) for the full fiscal year 25.3 to a surplus of 60 billion yen and an annual dividend forecast of 100 yen (100 yen for the previous fiscal year). The market consensus is a surplus of 99.9 billion yen.
Decision ordering Mitsubishi to pay 1.01 billion dollars in damages - US product liability lawsuit
$Mitsubishi Motors (7211.JP)$On the 9th, it was announced that a judgment ordering payment of 1.01 billion dollars (about 157 billion yen) was handed down against the subsidiary Mitsubishi Motors North America (MMNA) on the 6th (US local time) in a product liability lawsuit in the Philadelphia General Court of Appeals in Pennsylvania, USA.
Distribution source: Bloomberg, Nihon Keizai Shimbun, Traders Web, MINKABU
-Moo Moo News Japan Stock Zoe
Starting with the Nikkei Average rising by 40 yen, if underlying prices continue to rise due to the depreciation of the yen, there is a possibility that the pac...
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