Starting with the Nikkei average rising by 416 yen, real GDP fell 2.1% per annum higher than market expectations from July to September

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Real GDP fell 2.1% per annum from July to September, and the negative range exceeds market expectations
The preliminary real gross domestic product (GDP) value for the July-September period decreased by 2.1% per annum compared to the previous fiscal year. The decline was larger than market expectations (down 0.4%). Capital investment was poor, and private consumption was also sluggish. External demand, which drove growth in the previous fiscal year, was a factor that depressed the growth rate.

Interest rates rose, five major banks had the highest profit of April-September final assets of 1000 trillion yen, 60% increase in 10 years, and improvement effects increased
The financial results for the fiscal year ending 2023/4/9 for the five major bank groups came out on the 14th. Total consolidated net profit increased 56% from the same period last year to 1,996 billion yen, the highest since the three-megabank system became in fiscal 2005. Loan interest rates, which had been sluggish due to revisions to the ultra-low interest rate environment, have improved.

Seven banks have a main business deficit due to loss processing to 2.8 trillion yen of losses including bonds
Unrealized losses on domestic bonds, foreign bonds, mutual funds, etc. held by regional banks nationwide are increasing due to rising interest rates. Unrealized losses at 97 regional banks were approximately 2.8 trillion yen as of the end of September 2023, an increase of 70% from the end of June.

Retail, the highest food PB ratio is 17%, AEON and SEVEN are new products
Major retailers will expand inexpensive private brands (PB) for daily necessities such as food. $AEON(8267.JP)$has renewed half of the food PB, $Seven & i Holdings(3382.JP)$Double the low price range PB.

Sumitomo Mitsui - 4 days of continuous expansion period final profit revised upward The first half is on par with the same period last year
$Sumitomo Mitsui Financial Group(8316.JP)$It continued to grow for 4 days. The company announced on the 14th that it will raise its consolidated net profit forecast for the full year of 24.3 to 920 billion yen (up 14.2% from the previous fiscal year) from the previous year of 820 billion yen. The market consensus is 860.7 billion yen.

Mitsubishi UFJ-5 days continuous growth, 4.0 times final profit, contributing to improvements in profit and loss related to government bonds, etc.
$Mitsubishi UFJ Financial Group(8306.JP)$It continued to grow for 5 days. The company announced on the 14th that consolidated net profit for the first half of the 24.3 fiscal year (April-9) was 927.3 billion yen (4.0 times the same period last year). The market consensus is 857.1 billion yen.

SMC - Buying Sentiment The share buyback ratio is 0.7% up to 450,000 shares and 35 billion yen
$SMC(6273.JP)$It's a buying trend. The company announced on the 14th that it will set a share repurchase quota with an upper limit of 450,000 shares and 35 billion yen.