The Nikkei Average started falling and acted as a “reverse plaza agreement” for the Bank of Japan monetary mitigation measures, strengthening the competitiveness of Japanese companies
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Market Overview
In today's Tokyo stock market, the Nikkei Stock Average began at 32521.15 yen, which is 98.19 yen lower than the previous business day, and the TSE stock price index (TOPIX) fell 3.40 points at 2328.60.
Market Overview
In today's Tokyo stock market, the Nikkei Stock Average began at 32521.15 yen, which is 98.19 yen lower than the previous business day, and the TSE stock price index (TOPIX) fell 3.40 points at 2328.60.
Top news
Financial Services Agency/Bank of Japan constantly grasp corporate loans to prevent crises
The Financial Services Agency and the Bank of Japan will be able to constantly grasp detailed data on bank corporate loans by the end of the year. Until now, submission has been requested individually for each inspection or examination, but a common infrastructure will be created and a mechanism for authorities to browse will be introduced. The surveillance network will be refined, leading to early detection of the buds of a crisis.
Bank of Japan's monetary mitigation measures act as a “reverse plaza agreement” - Credit Agricole
Chief economist Takuji Aida of Credit Agricole Securities and macrostrategist Oto Arata pointed out in the report that “the major depreciation of the yen due to the decoupling (global acceptance) of financial tightening in Europe and the US and monetary easing by the Bank of Japan (global acceptance) seems to be strengthening the competitiveness of Japanese companies as a 'reverse plaza agreement'.” According to the report, “If the Bank of Japan makes the tailwind of the depreciation of the yen disappear due to monetary tightening from the short-circuit view of a bad depreciation of the yen, the shift to appreciation of the yen, there is also a global economic deceleration, and this structural deflationary recession will be revived.”
Metz, Nomura, and Yamato companies are in turbulent investment trusts to drastically reduce - management companies that have begun to move
The government will formulate policy plans related to drastic reforms, such as the governance of asset management companies, by the end of the year. The idea is to seek a thorough management system that considers the best interests of customers in order to realize an “asset management nation,” but one of the issues raised is the large number of investment trusts. Address issues that have been pointed out, such as earning sales fees.
In net profit, Honda rose to 3rd place due to increased production and fluctuated in the top
The number of Japanese companies with the highest net profit has changed. Automobiles and electric power ranked high in the 2023/4/6 fiscal year, and shipping and petroleum, which had been a tailwind due to rising market conditions the previous year, dropped in rankings. What is the leader $Toyota Motor (7203.JP)$at $Honda Motor (7267.JP)$It went from 17th place last year to 3rd place. Profit margins expanded due to increased production and price revisions due to supply network improvements. Since automobiles have a wide base and a large impact on the industrial world, the focus is on sustainability of business performance.
Arm to road show after Labor Day holiday - IPO price decided on the 13th
$SoftBank Group (9984.JP)$Semiconductor design company under its umbrella, English $Arm Holdings (ARM.US)$is proceeding with preparations to set a price range for an initial public offering (IPO) before starting the road show (IPO briefing session for institutional investors) from next week. Multiple stakeholders familiar with the situation made it clear.
Mortgage fixed interest rate, average 3.65%, high level mitigation correction for the first time in six months, spread, and fluctuations remained unchanged
Major banks announced mortgage interest rates to be applied in September on 8/31. The five major banks raised fixed 10-year base interest rates due to a rise in long-term interest rates due to policy revisions by the Bank of Japan. The average base interest rate was 3.65%, a high level for the first time in six months since 3.74% in March this year. Since each bank left the variable type linked to short-term interest rates unchanged, the difference between fixed and variable interest rates is widening.
Mr. Hagiuda says profit from sale of NTT shares “for information communication research and development”
The Liberal Democratic Party held the first meeting of the “Study Project Team on the State of the NTT Law” (PT) at the party headquarters on the 31st. Who is the political control chairman Koichi Hagiuda $Nippon Telegraph & Telephone (9432.JP)$Regarding stock sales proceeds, he said, “There are also voices that it should be used for research and development of information and communication technology.”
Panasonic — 2.5 yen increase to 17.5 yen interim dividend forecast that continued to increase for 3 days and was undecided
$Panasonic Holdings (6752.JP)$continued to increase for 3 days. The company announced on 8/31 that its interim dividend forecast for the 24.3 fiscal year, which had previously been undecided, would be 17.5 yen (15.0 yen for the same period last year). The year-end dividend forecast remains undecided.
Financial Services Agency/Bank of Japan constantly grasp corporate loans to prevent crises
The Financial Services Agency and the Bank of Japan will be able to constantly grasp detailed data on bank corporate loans by the end of the year. Until now, submission has been requested individually for each inspection or examination, but a common infrastructure will be created and a mechanism for authorities to browse will be introduced. The surveillance network will be refined, leading to early detection of the buds of a crisis.
Bank of Japan's monetary mitigation measures act as a “reverse plaza agreement” - Credit Agricole
Chief economist Takuji Aida of Credit Agricole Securities and macrostrategist Oto Arata pointed out in the report that “the major depreciation of the yen due to the decoupling (global acceptance) of financial tightening in Europe and the US and monetary easing by the Bank of Japan (global acceptance) seems to be strengthening the competitiveness of Japanese companies as a 'reverse plaza agreement'.” According to the report, “If the Bank of Japan makes the tailwind of the depreciation of the yen disappear due to monetary tightening from the short-circuit view of a bad depreciation of the yen, the shift to appreciation of the yen, there is also a global economic deceleration, and this structural deflationary recession will be revived.”
Metz, Nomura, and Yamato companies are in turbulent investment trusts to drastically reduce - management companies that have begun to move
The government will formulate policy plans related to drastic reforms, such as the governance of asset management companies, by the end of the year. The idea is to seek a thorough management system that considers the best interests of customers in order to realize an “asset management nation,” but one of the issues raised is the large number of investment trusts. Address issues that have been pointed out, such as earning sales fees.
In net profit, Honda rose to 3rd place due to increased production and fluctuated in the top
The number of Japanese companies with the highest net profit has changed. Automobiles and electric power ranked high in the 2023/4/6 fiscal year, and shipping and petroleum, which had been a tailwind due to rising market conditions the previous year, dropped in rankings. What is the leader $Toyota Motor (7203.JP)$at $Honda Motor (7267.JP)$It went from 17th place last year to 3rd place. Profit margins expanded due to increased production and price revisions due to supply network improvements. Since automobiles have a wide base and a large impact on the industrial world, the focus is on sustainability of business performance.
Arm to road show after Labor Day holiday - IPO price decided on the 13th
$SoftBank Group (9984.JP)$Semiconductor design company under its umbrella, English $Arm Holdings (ARM.US)$is proceeding with preparations to set a price range for an initial public offering (IPO) before starting the road show (IPO briefing session for institutional investors) from next week. Multiple stakeholders familiar with the situation made it clear.
Mortgage fixed interest rate, average 3.65%, high level mitigation correction for the first time in six months, spread, and fluctuations remained unchanged
Major banks announced mortgage interest rates to be applied in September on 8/31. The five major banks raised fixed 10-year base interest rates due to a rise in long-term interest rates due to policy revisions by the Bank of Japan. The average base interest rate was 3.65%, a high level for the first time in six months since 3.74% in March this year. Since each bank left the variable type linked to short-term interest rates unchanged, the difference between fixed and variable interest rates is widening.
Mr. Hagiuda says profit from sale of NTT shares “for information communication research and development”
The Liberal Democratic Party held the first meeting of the “Study Project Team on the State of the NTT Law” (PT) at the party headquarters on the 31st. Who is the political control chairman Koichi Hagiuda $Nippon Telegraph & Telephone (9432.JP)$Regarding stock sales proceeds, he said, “There are also voices that it should be used for research and development of information and communication technology.”
Panasonic — 2.5 yen increase to 17.5 yen interim dividend forecast that continued to increase for 3 days and was undecided
$Panasonic Holdings (6752.JP)$continued to increase for 3 days. The company announced on 8/31 that its interim dividend forecast for the 24.3 fiscal year, which had previously been undecided, would be 17.5 yen (15.0 yen for the same period last year). The year-end dividend forecast remains undecided.
Mr. Musk announced on a smartphone or PC to add a call function to X
Chairman Elon Musk of US X (formerly Twitter) announced on the 31st that voice and video call functions will soon be added to the X app.
Chairman Elon Musk of US X (formerly Twitter) announced on the 31st that voice and video call functions will soon be added to the X app.
Distribution source: Bloomberg, Nihon Keizai Shimbun, Traders Web
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