The Nikkei average depreciates 220 yen and Japanese stocks lose their appeal due to starting yield comparisons, and dividends and long-term interest rate differences are at a low level for the first time in 10 years

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Japanese stocks lose their appeal due to yield comparisons, and dividends and long-term interest rate differences are at a low level for the first time in 10 years
The rise in domestic bond yields has reduced the relative attractiveness of stocks for dividends, and investors are hesitating to buy more Japanese stocks. According to Bloomberg data, the difference obtained by subtracting the 10-year government bond yield from the expected dividend yield of the MSCI Japan Index was 1.22% points, a low level for the first time in about 10 years since 2014.

2% is a “watershed,” and the price target spell that amplifies uncertainty in interest rates = Mr. Kazuo Monma
Interest in “neutral interest rates” has increased since the Bank of Japan lifted negative interest rates. A neutral interest rate means a level of policy interest rate (overnight call rate) that is neither relaxed nor tightened, and it can also be said that it is an interest rate level established when a 2% price target is realized.

The Ministry of Land, Transport, and Tourism entered the Toyota headquarters today due to improper on-site inspection type designation
The Ministry of Land, Infrastructure, Transport and Tourism is in Toyota City, Aichi Prefecture on the morning of the 4th $Toyota Motor(7203.JP)$Visit the head office for an on-site inspection. This is because misconduct was revealed in the application for type designation necessary for mass production, and administrative sanctions will be considered.

The yen rose to the first half of 156 yen, and US interest rates fell drastically due to the weak ISM index - the dollar depreciated across the board
The yen exchange rate of the Tokyo Foreign Exchange Market on the morning of the 4th was 1 dollar = the first half of the 156 yen range, rising from the evening before. In overseas time, long-term interest rates dropped drastically in response to the weak Supply Management Association (ISM) manufacturing index in the United States, and dollars were sold and hit the 155 yen level for the first time in about 2 weeks. The yen seems to be holding steady even in the Tokyo market.

Nippon Foundry - Buying Signs: 30% Reduction in Manufacturing Costs New Manufacturing Method to Disseminate Metal Parts with 3D Printers = Nikkei
$Nippon Chuzo K.K.(5609.JP)$It's a buying trend. The morning edition of the Nihon Keizai Shimbun dated 4th reported that the company has developed a technology to reduce manufacturing costs of metal machine parts using 3D printers by more than 20 to 30 percent.

Nagatanien HD is starting out as an MBO for 3100 yen per share
$Nagatanien Holdings(2899.JP)$The Kai sign has started. After the transaction ended on the 3rd, it was announced that M-Cap 12 (Chiyoda-ku, Tokyo) will carry out TOB for the company as part of the MBO. The TOB price is 3100 yen per share, and it looks like they are falling behind this.

Distributor: Bloomberg, Traders Web, Reuters, MINKABU
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