The Nikkei average started with a depreciation of 216 yen at the first finance ministers' meeting between Japan, the US, and South Korea “recognition of concerns about depreciation of the yen and the depreciation of the won”
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Market Overview
Today's Nikkei Stock Average began at 37745.04 yen, 216.76 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) fell 9.72 points at 2653.43.
Market Overview
Today's Nikkei Stock Average began at 37745.04 yen, 216.76 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) fell 9.72 points at 2653.43.
Top news
Japan, the US, and South Korea at the first finance ministers' meeting to “recognize concerns about the depreciation of the yen and the depreciation of the won” - Nihon Keizai Shimbun
Japan, the United States, and South Korea held their first finance ministers' meeting on the 17th in Washington, USA. We have compiled a joint statement incorporating “Japan and South Korea's serious concerns about the recent rapid depreciation of the yen and won, and will continue to closely discuss trends in the foreign exchange market.”
RELATED ARTICLES
Finance Minister Suzuki refrains from mentioning specific responses due to exchange - after Japan-US-Korea meeting
The first half of yen was 154 yen, and the low price update stopped for the first time in 34 years due to concerns about depreciation of the yen and a drop in US interest rates
Japanese stocks, even if they are attractive investment targets year-to-date stock prices = market participants
Despite the fact that Japanese stocks have risen drastically since the beginning of the year, there is a widespread view in the market that they have not lost their attractiveness as investment targets. Furthermore, this is because it is expected to rise one level against the backdrop of attractive valuations, etc.
The depreciation of the yen boosted trade deficit and energy imports for 3 consecutive years last fiscal year - Nihon Keizai Shimbun
The depreciation of the yen is putting deficit pressure on the trade balance. The 2023 fiscal year had a deficit of 5 trillion891.8 billion yen for the third year in a row. Although the high level of resources has come to an end, the depreciation of the yen works in the direction of increasing the value of imports. Imported products such as crude oil are often traded in dollars converted by selling yen, which is also a factor that spurs the depreciation of the yen.
Oracle invests 1.2 trillion yen in Japan in 10 years to expand data center - Nihon Keizai Shimbun
paddy $Oracle (ORCL.US)$A total of over 8 billion dollars (about 1.2 trillion yen) will be invested over 10 years from 2024 to expand data centers in Japan. The importance of economic security rapidly increases against the backdrop of the US-China confrontation, etc. With cloud services and artificial intelligence (AI) development, important data and personal information can be stored and processed within Japan without taking them overseas.
Rakuten G-7 day continuous drop payment application integration point function also opposes PayPay = Nikkei
$Rakuten Group (4755.JP)$It continued to fall for 7 days. The morning edition of the Nihon Keizai Shimbun dated 18th reported that the company will integrate payment applications. According to the article, it is said that the functions of “Rakuten Points” and the electronic money “Rakuten Edy” will be consolidated into the smartphone payment “Rakuten Pay.”
Japan, the US, and South Korea at the first finance ministers' meeting to “recognize concerns about the depreciation of the yen and the depreciation of the won” - Nihon Keizai Shimbun
Japan, the United States, and South Korea held their first finance ministers' meeting on the 17th in Washington, USA. We have compiled a joint statement incorporating “Japan and South Korea's serious concerns about the recent rapid depreciation of the yen and won, and will continue to closely discuss trends in the foreign exchange market.”
RELATED ARTICLES
Finance Minister Suzuki refrains from mentioning specific responses due to exchange - after Japan-US-Korea meeting
The first half of yen was 154 yen, and the low price update stopped for the first time in 34 years due to concerns about depreciation of the yen and a drop in US interest rates
Japanese stocks, even if they are attractive investment targets year-to-date stock prices = market participants
Despite the fact that Japanese stocks have risen drastically since the beginning of the year, there is a widespread view in the market that they have not lost their attractiveness as investment targets. Furthermore, this is because it is expected to rise one level against the backdrop of attractive valuations, etc.
The depreciation of the yen boosted trade deficit and energy imports for 3 consecutive years last fiscal year - Nihon Keizai Shimbun
The depreciation of the yen is putting deficit pressure on the trade balance. The 2023 fiscal year had a deficit of 5 trillion891.8 billion yen for the third year in a row. Although the high level of resources has come to an end, the depreciation of the yen works in the direction of increasing the value of imports. Imported products such as crude oil are often traded in dollars converted by selling yen, which is also a factor that spurs the depreciation of the yen.
Oracle invests 1.2 trillion yen in Japan in 10 years to expand data center - Nihon Keizai Shimbun
paddy $Oracle (ORCL.US)$A total of over 8 billion dollars (about 1.2 trillion yen) will be invested over 10 years from 2024 to expand data centers in Japan. The importance of economic security rapidly increases against the backdrop of the US-China confrontation, etc. With cloud services and artificial intelligence (AI) development, important data and personal information can be stored and processed within Japan without taking them overseas.
Rakuten G-7 day continuous drop payment application integration point function also opposes PayPay = Nikkei
$Rakuten Group (4755.JP)$It continued to fall for 7 days. The morning edition of the Nihon Keizai Shimbun dated 18th reported that the company will integrate payment applications. According to the article, it is said that the functions of “Rakuten Points” and the electronic money “Rakuten Edy” will be consolidated into the smartphone payment “Rakuten Pay.”
ITOCHU Corporation - 3 days of continuous decline, Big Motor acquires for a total amount of 60 billion yen, new company takes over 250 stores next month = Nikkei
$ITOCHU (8001.JP)$It continued to fall for 3 days. The morning edition of the Nihon Keizai Shimbun dated 18th reported that the company group and the corporate revitalization fund J-Will Partners (JWP) will acquire Big Motor (Tama City, Tokyo), a major used car sales company, for approximately 60 billion yen.
$ITOCHU (8001.JP)$It continued to fall for 3 days. The morning edition of the Nihon Keizai Shimbun dated 18th reported that the company group and the corporate revitalization fund J-Will Partners (JWP) will acquire Big Motor (Tama City, Tokyo), a major used car sales company, for approximately 60 billion yen.
Disco - sharp decline, highest profit, 6% increase in sales in the previous fiscal year, contributing to the depreciation of the yen = Nikkei | Individual Articles | News | Traders Web
$Disco (6146.JP)$has plummeted. The morning edition of the Nihon Keizai Shimbun dated 18th reported that the company's consolidated operating profit for the 24.3 fiscal year seems to have risen 6% from the previous fiscal year to just over 117 billion yen.
$Disco (6146.JP)$has plummeted. The morning edition of the Nihon Keizai Shimbun dated 18th reported that the company's consolidated operating profit for the 24.3 fiscal year seems to have risen 6% from the previous fiscal year to just over 117 billion yen.
Distributor: Bloomberg, Nihon Keizai Shimbun, Traders Web, Reuters
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