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Nikkei average recovers to the 29,000 yen range, real wages in June turn positive for the first time in 27 months - highest growth since 1997 in nominal terms.

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moomooニュース日本株 wrote a column · Aug 6, 2024 08:14
Nikkei average recovers to the 29,000 yen range, real wages in June turn positive for the first time in 27 months - highest growth since 1997 in nominal terms.
Good morning to all moomoo users!Here is an overview of the opening this morning. Thank you in advance.

Market Overview
In today's Tokyo stock market, the Nikkei average stock price started at 32,077.33 yen, up 618.91 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) started at 2,271.50, up 44.35 points.
Nikkei average recovers to the 29,000 yen range, real wages in June turn positive for the first time in 27 months - highest growth since 1997 in nominal terms.
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The yen is in the mid-144 yen range against the dollar, with a temporary pause in yen buying as excessive concerns about the US economy ease.
In the Tokyo foreign exchange market on the morning of the 6th, the yen exchange rate was in the mid-144 yen range against the dollar, trending lower from the previous evening. The ISM Non-Manufacturing Business Activity Index in the USA exceeded market expectations, easing excessive economic concerns. However, investor sentiment remains unstable, with limited downside for the yen, and market developments are likely to continue to be influenced by stock price trends today.

Sudden stock market plunge and yen appreciation, individual investors facing the risk of cutting losses - even a challenge for NISA.
Japanese stocks hit record highs in July, amidst a favorable market environment this year, individual investors have been increasing their holdings through margin financing and securities lending, as well as the NISA system for small investments without taxation. However, with the sudden arrival of a storm, the situation changed drastically within just three business days.

Real wages in June turn positive for the first time in 27 months - highest growth in nominal terms since 1997.
Reflecting price fluctuations, real wages in June turned positive for the first time in 27 months. Reflecting the positive results of this year's spring labor negotiations, the increase in nominal wages exceeded 4%, outpacing the growth in prices. This aligns with the Bank of Japan's view of normalizing monetary policy.

Companies like Toshiba Electronic are bouncing back in the semiconductor manufacturing equipment sector, while US semiconductor stocks rise after hours.
$Tokyo Electron (8035.JP)$ $Disco (6146.JP)$ $Advantest (6857.JP)$Main stocks related to semiconductor manufacturing equipment, etc., are all showing a strong start. Amid the overall market rebounding, short covering and dip buying are flowing into the semiconductor sector, leading to a rapid rebound.
Source: Bloomberg, MINKABU
moomoo News Japan Stock Evelyn
Nikkei average recovers to the 29,000 yen range, real wages in June turn positive for the first time in 27 months - highest growth since 1997 in nominal terms.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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  • 183154613 : Look it up again with real wages[undefined]

  • 超長期投資家 : real wages? It hasn't gone up

  • 超長期投資家 : Could moomoo take the article more seriously?
    Articles that confuse investment decisions are less than trash.

  • 大負けネコ(HYPER) : Aren't the wages of small and medium-sized enterprises not really reflected in “real wages”? If you look only at this 1 indicator and start saying “the wage increase effect is reflected” or “we can expect future consumption,” and think that “gaffe ❗️ Black Monday” until yesterday will be permitted, you are making a big mistake. “I want to continue to keep a close eye on market trends” ⇒ watch carefully, Ministry of Finance and Bank of Japan officials ❗

  • カレー党 : I smell the government and the Bank of Japan's official exchange rate, which I thought was dangerous.
    We must continue to be vigilant

  • 183154613 超長期投資家 : It looks like Kishida's bragging story will be adopted. Well, nominal wages have risen for the first time in 27 months due to various policies ~ I would like to continue developing various policies for Japan's economic growth. Doya, the old man in front of the TV “Wow, I'm going to do it Kishida! I've reviewed it 🙌

  • 超長期投資家 183154613 : This field and that field are all bad.
    Not doing anything good for the Japanese economy

  • よろぴこ : They clearly don't grasp the actual situation.

    Most businesses in Japan are small businesses. Obviously, we haven't fully grasped that wage data. If you know it, I want you to publish it.

    Only large enterprises are resistant to price increases, and there is almost no increase in real wages for small and medium-sized enterprises.

    It is an exaggeration to announce it as if wages were rising overall.

    I now understood very well that believing the current views of the Ministry of Finance and the Bank of Japan would be painful.

  • moomooニュース奈々 超長期投資家 : Super long-term investorsThank you for using moomoo every time. Thank you very much for your feedback.
    We will continue to work hard to provide a better news service and user experience in the future. Thank you for your continued support.

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