A sharp backlash against the Nikkei Average starts, SoftBank G switches back and forth and entrusts the growth scenario to the AI revolution with the English arm at the core

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Weakness of yen “appropriate response when necessary” Kanda Treasurer
Treasurer Kanda Masato of the Ministry of Finance stated to reporters within the Ministry of Finance on the 16th that “it is all about judging fundamentals (basic requirements for the economy) in a complicated situation and taking appropriate measures when necessary in line with the agreements of the 7 major countries (G7) and 20 countries/regions (G20) while watching interest rates” regarding the response to the depreciation of the yen that is currently progressing.

80 department stores and convenience stores had the highest operating profit from June to August due to the effect of visitors to Japan
The performance of retail companies continues to expand. Operating profit, which indicates a profit from the main business, increased 30% from the same period last year in the 2023/6/8 fiscal year, and was a record high on a quarterly basis. Inbound (visitors to Japan) consumption is active with the depreciation of the yen as a tailwind, and consumption of high-value goods by the wealthy in Japan and cost transfer due to price increases are also progressing.

The next pillar of Japanese stocks is “return to production.” Overseas players are interested in long-term investment
While the stock market is shaken by geopolitical risks, attention to onshoring (domestic return) is slowly increasing. There is also an estimate that domestic capital investment will increase 40% by 2030 due to the overlap with the establishment of new factories in the manufacturing industry, starting with semiconductors. There is a movement to search for a wide range of stocks as a long-term theme after overcoming deflation.

SoftBank G is in a hurry and entrusts the growth scenario to the AI revolution with the English arm at the core
$SoftBank Group(9984.JP)$It quickly turned around, and the day before, they were forced to develop a development to search for lower prices due to index sales involving futures on the Nikkei Average, but today buoyancy is working on stock prices due to that unwind. It is known for active investment in US high-tech stocks, and stock price linkage with the NASDAQ market is high, but the day before, the NASDAQ comprehensive stock price index rose by more than 1% and recovered the decline of the previous two days, and it has become a tailwind for the company's stocks.

Toyota Motor Corporation - rebound for the first time in 3 days due to production suspension at some factories due to the central outbreak fire of the customer = current affairs
$Toyota Motor(7203.JP)$rebounded for the first time in 3 days. Jiji Press reported on the 17th that it became known on the same day that some of the company's vehicle factories had stopped operation since the 16th.

The new jet is the first small “Echelon” aircraft to cross the American continent without refueling - Honda
$Honda Motor(7267.JP)$The US subsidiary that handles the aircraft business of announced on the 16th at an aircraft exhibition held in Las Vegas, Western Nevada, that the name of the small business jet under development will be “Honda Jet Echelon.” It is the first small class in the world to be able to cross the American continent without refueling.

Mitsui & Co. President Promotes Diversified Investment Due to LNG Supply Shortage - Time to Spread Renewable Energy
$Mitsui(8031.JP)$We will continue to promote diversified investment in projects in the future against the backdrop of recognition that supply shortages of liquefied natural gas (LNG) will continue. This is because it takes a considerable amount of time to sufficiently spread renewable energy for a decarbonized society, and demand for LNG, which is a fossil fuel but has a relatively low environmental impact, is expected to continue to be strong in the future.

Sumitomo Real Estate - Buying Promises Real Estate Development in India: 500 billion yen investment = Nikkei
$Sumitomo Realty & Development(8830.JP)$It's a buying trend. The morning edition of the Nihon Keizai Shimbun dated 17th reported that the company is moving to large-scale redevelopment in central Mumbai, India. According to the article, it is said that a total project cost of 500 billion yen will be invested to advance complex real estate development equipped with office buildings, hotels, and commercial facilities. It seems that the company's real estate investment in India will expand to a cumulative scale of 700 billion yen. It is planned to capture the economic growth of emerging countries and lead to future earnings.

FASTRI raises wages by up to 40% for UNIQLO salespeople in China
$Fast Retailing(9983.JP)$It became known that they decided to raise the salaries of store sales staff at the clothing store “UNIQLO” operating in China by up to 40%. The increase began sequentially from October for full-time employees, part-time workers, etc. In addition to increasing employees' motivation to work by improving treatment, it also leads to recruitment of excellent human resources.