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The Nikkei average started lower for the first time in 5 days, supported by the Bank of Japan's rate hike - December Tankan survey shows improvement for the first time in 2 periods in the business conditions of large manufacturing companies.

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moomooニュース日本株 wrote a column · Dec 13, 2024 08:23
The Nikkei average started lower for the first time in 5 days, supported by the Bank of Japan's rate hike - December Tankan survey shows improvement for the fir...
Hello MOOMOO users, good morning!Here is a summary of the morning opening. Thank you.
Market Overview
In today's Tokyo stock market, the Nikkei average stock price started at 39,624.05 yen, down 225.09 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) started at 2,752.10, down 20.93 points. In the U.S. market on the 12th, there was a growing concern about inflation following the U.S. November PPI (Producer Price Index) report. The NY Dow fell for the 6th consecutive day, and the Nasdaq Composite Index also declined. In response to this movement, selling pressure dominated in the Japanese stock market.
The Nikkei average started lower for the first time in 5 days, supported by the Bank of Japan's rate hike - December Tankan survey shows improvement for the fir...
The Nikkei average started lower for the first time in 5 days, supported by the Bank of Japan's rate hike - December Tankan survey shows improvement for the fir...
Top News
The USD/JPY is around 152 yen, with limited reaction to the Bank of Japan's Tankan survey.
Attention was focused on the Bank of Japan's policy interest rate decision next week, but the reaction to the Tankan survey was limited. The Tankan survey, such as the large enterprise manufacturing business conditions DI and the large enterprise manufacturing DI for March exceeding expectations, did not result in heightened concerns about the deterioration of economic sentiment. The USD/JPY slightly fluctuated to 152.46 yen and then recovered to around 152.60 yen.
US foreign exchange market summary: Due to the accelerated growth of US PPI, it temporarily rose to around 152.70 yen.
On the 12th, the dollar-yen exchange rate in the New York foreign exchange market closed at around 152.63 yen per dollar, a dollar appreciation and yen depreciation of over 20 sen compared to the previous day. The euro was around 159.78 yen per euro, a euro depreciation and yen appreciation of over 20 sen.
Following the announcement by the US Department of Labor of 242,000 initial jobless claims for the previous week, an increase of 17,000 from the revised figure of the previous week, there were moments when the dollar-yen exchange rate softened to the 151.80 yen level. However, the dollar selling was temporary as the month-on-month rise in the November US Wholesale Price Index (PPI) was revised from 0.3% to 0.4%, accelerating. The rise in long-term US interest rates due to persistent inflation pressure served as support for the dollar, pushing it temporarily to around 152.70 yen.
Toyota Motor to introduce new EV in Europe from next year.
$Toyota Motor (7203.JP)$On December 12th (local time), the European division of Toyota Motor unveiled the new battery-powered EV 'Urban Cruiser' to be introduced to the European market for the first time in the world. It is planned for public debut at the Brussels Motor Show in 2025.
Oji Holdings surged significantly, with a positive reaction to the announcement of a 10.1% cap on share buybacks.
$Oji Holdings (3861.JP)$Surge in trading, with Oji Holdings announcing a share buyback of up to 100 million shares (10.1% of the issued shares excluding treasury stock) or 50 billion yen after the close of trading on the 12th. The announcement has attracted buying interest.
Source: Trader's Web, FISCO, MINKABU
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The Nikkei average started lower for the first time in 5 days, supported by the Bank of Japan's rate hike - December Tankan survey shows improvement for the fir...
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