Top newsConsumer prices in Tokyo rise 2.1%, growth shrinks as expected in the market - DecemberThe consumer price index (core CPI excluding fresh food) in the Tokyo district in December, which is a leading indicator of prices nationwide, rose 2.1% from the same month last year, and the growth rate shrank from the 2.3% increase in the previous month. The positive decline continued for the second month in a row. It was in line with the 2.1% increase in market expectations. The Ministry of Internal Affairs and Communications made the announcement on the 9th. Growth in core core CPI, which excludes fresh food and energy, declined from a 3.5% increase and a 3.6% increase in the previous month. Market expectations were up 3.5%.
Consumer spending actually fell 2.9% in 23/11, negative for 9 consecutive monthsAccording to the 2023/11 household budget survey announced by the Ministry of Internal Affairs and Communications on the 9th, the consumption expenditure of households with 2 or more people was 286,922 yen, which actually decreased 2.9% from the same month last year excluding the effects of price fluctuations. The negative was the 9th month in a row. Real private consumption continues to stagnate due to the effects of inflation.
Tech competition, 4000 companies from different industries and start-ups participate in the opening of the new innovative rice trade fair CES with AIThe world's largest technology trade fair “CES” will open on the 9th in Las Vegas, USA. Generative AI (artificial intelligence), which rapidly penetrated in 2023, has become a detonator, and the possibility of technological innovation is expanding in various industries. Approximately 4,000 companies and startup companies from different industries, including IT (information technology), electronics, automobiles, finance, and cosmetics, gather and compete to launch new innovations in technology and services using AI.
$Sony Group (6758.JP)$with
$Honda Motor (7267.JP)$Sony Honda Mobility, a joint investment company of, is expected to announce a function update for the EV “AFEELA (AFEELA)” currently under development.
Lasertech, Toelec, etc. are high across the board, and the popularity of US semiconductor stocks spread against the backdrop of expectations of bottoming out market conditions $Lasertec (6920.JP)$ 、
$Tokyo Electron (8035.JP)$、
$Advantest (6857.JP)$Things related to semiconductor manufacturing equipment, etc. have clearly shown an upward price orientation across the board. In the US stock market the day before
$NVIDIA (NVDA.US)$Starting with skipping the price to 6.4%, the main semiconductor-related forces rose all at once, and the Philadelphia Semiconductor Stock Index (SOX Index), which consists of semiconductor brands, also skipped a 3.3% increase in value, making it clear. In response to this, the Tokyo market is also encouraging the inflow of investment funds into the same related stocks.