Continued growth in the Nikkei Average starts, and purchases take precedence due to the retreat of additional interest rate hikes observed by the Fed

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The depreciation of the yen progressed until 1 dollar = 155 yen, and Mizuho is at the top of forecast accuracy from January to March '24
In a situation where the Bank of Japan maintains an accommodative monetary policy stance, the yen exchange rate against the dollar is aiming for the lowest level in the past 30 years or so. Mr. Garth Appelt, the person in charge of foreign exchange in Mizuho in the Americas, who was evaluated as the most accurate prediction of the dollar to yen exchange rate, analyzed it.

Zengin internet failure, no recovery on the morning of the 11th and is in a hurry to complete payment
Regarding the failure that occurred on the 10th in the interbank remittance system, the National Bank Fund Settlement Network (Zengin Net) announced on the morning of the 11th that the failure continued even as of the same day. There is a possibility that payment will be delayed if remittance is made after 8:30 a.m. on the same day. Processing will also proceed sequentially for at least 1.4 million remittances that were affected by the 10th, and response is rushed to complete payment.

Mr. Buffett's next move to invest in Japanese stocks, watchers recommend “financial stocks”
The fact that Warren Buffett, a famous American investor, raised the holding ratio of shares in Japan's five largest trading companies was one of the factors that pushed Japanese stocks to a high price for the first time in 33 years. Half a year has passed since then, and there are voices among Buffett watchers that financial stocks such as insurance and banks are promising as investment candidates for the next Japanese stock.

Mitsubishi UFJ, Dai-ichi Life HD, etc. have a slight sales advantage, and long-term US interest rates are on a downward trend, leading to heavy increases ◇
$Mitsubishi UFJ Financial Group (8306.JP)$、 $Dai-ichi Life Holdings (8750.JP)$It was a development where sales were slightly pushed even in the midst of a strong and weak confrontation near the closing price the day before. The fact that long-term US interest rates are currently on a downward trend has led to a decline in expectations for improving the operating environment for megabanks and major life insurance companies that handle the US business, and it has also led to a heavy increase in stock prices.

Strong price movements at Toyota, Honda, etc., and new car sales in China are positive for the first time in 4 months even with a drop in dollar appreciation and yen depreciation ◇
$Toyota Motor (7203.JP)$、 $Honda Motor (7267.JP)$Automobile stocks are showing strong price movements, etc. The flow of capital shifts to US bonds against the backdrop of geopolitical risks has intensified, and long-term US interest rates are on a downward trend.

Docomo to resolve package blockages at 2000 locations nationwide, including 30 billion yen to improve communication, such as Higashi Meihan
$Nippon Telegraph & Telephone (9432.JP)$DOCOMO announced on the 10th that it will invest 30 billion yen to improve the quality of data communication. Docomo entered 2023, and there was a “package jam” problem where the speed of data communication declines mainly in urban areas such as the 23 wards of Tokyo, Osaka, and Nagoya.

Denso and Mitsubishi Electric to spend 150 billion yen on power semiconductor materials
$Denso (6902.JP)$with $Mitsubishi Electric (6503.JP)$It was announced on the 10th that it will acquire a total of 25% shares in the silicon carbide (SiC) business of semiconductor wafer manufacturer US Coherent. The investment amount is 1 billion dollars (approximately 150 billion yen). SiC is a highly functional material for power semiconductors that control power, and production is difficult. We will procure materials stably through investment in the materials business.

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