The Nikkei average started with a rise of 511 yen, surpassed 0.04 million2000 yen for the first time in history, and continued to gain strength with high US stocks as a tailwind

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Bank of Japan's government bond purchase reduction, seeking opinions from institutional investors - second day of workers' meeting
The Bank of Japan held a bond market participant meeting with institutional investors such as life insurance companies on the 10th. At the meeting, I learned from interviews with stakeholders that various opinions came up regarding the Bank of Japan's government bond purchases, such as opposing excessive reductions.

TOPIX surpasses all-time high = Tokyo stock
At the Tokyo Stock Exchange on the morning of the 11th, the Tokyo Stock Price Index (TOPIX) surpassed the all-time high (2909.58) during trading hours set yesterday.

A savior in the government bond market that relies on the Bank of Japan, and the balance of GPIF holdings has increased rapidly
While the Bank of Japan is considering a reduction in government bond purchases, the Pension Reserve Fund Management and Operation Independent Administrative Agency (GPIF), which manages public pensions, has emerged as an important buyer of government bonds.

Yen is in the latter half of the 161 yen range, risk-based sales in anticipation of lower US interest rates - US CPI assessment
The yen exchange rate of the Tokyo Foreign Exchange Market on the morning of the 11th fell from the evening before to the latter half of the $1 = 161 yen range, and continued. Expectations of interest rate cuts by the end of the year have been maintained in response to congressional testimony from Federal Reserve (FRB) Chairman Powell in the United States, and demand to buy dollars by selling low interest rate yen is strong due to the trend of risk appetite. Meanwhile, in addition to heightening the sense of intervention caution in the low range for the first time in about 38 years, the atmosphere of determining the US Consumer Price Index (CPI) announced at night also spreads easily, and the yen seems to be supported.

East Electric left the box area with 3 consecutive gains, followed the rise in US semiconductor stocks and contributed to boosting the Nikkei Average
$Tokyo Electron (8035.JP)$It has recovered to the 38,000 yen level since April 17 due to 3 consecutive increases, got out of the box area rivalry to the top, and is rapidly strengthening its footing. In the US stock market the day before, it kept pace with the Nasdaq Comprehensive Stock Price Index, S&P 500 Index, etc., and the Philadelphia Semiconductor Stock Index (SOX Index) composed of semiconductor stocks was also drastically high and hit an all-time high.