The Nikkei Average started with an appreciation of 105 yen, the yen rose rapidly, and the collapse of the carry trade that came into view broke through 140 yen

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The Bank of Japan also keeps the government's efforts in mind and expects appropriate decisions - Prime Minister Kishida
Prime Minister Fumio Kishida expressed his recognition at the press conference on the evening of the 13th that he would like to expect appropriate decisions on the Bank of Japan's monetary policy, keeping in mind the government's efforts aimed at overcoming deflation. Prime Minister Kishida stated that “we have confirmed that the Bank of Japan and the government will cooperate closely through the Accord,” and emphasized that “we are in a position to make efforts toward the goal” aiming for the sustainable and stable realization of price stability targets. The government said it was aiming for a shift from a cost cut economy led by sustained wage increases in order to completely overcome deflation, and the Bank of Japan expressed a sense of expectation that “I would like the Bank of Japan to keep it in mind and cooperate with the government.”

The yen has risen rapidly, and the 140 yen breakthrough that has come into view is progressing, and the collapse of the carry deal
The exchange rate of yen rose rapidly in the New York Foreign Exchange Market on the 13th. At one point, 1 dollar = 142 yen was placed in the 60 sentai, and the level was rounded up by about 3 yen from the low price in the Tokyo market (just 146 yen). The reality of starting interest rate cuts in 2024 increased in the wake of the US Federal Open Market Committee (FOMC), which was held until this day, triggering dollar sales and yen purchases. For speculators who continue to set up yen purchases due to speculations about policy normalization by the Bank of Japan, “fuel” that looks good to aim for the milestone of 140 yen was dropped.

Bank of Japan prepares for a “world with interest rates” searching for negative interest rate cancellation
A virtuous cycle of rising prices and wages has begun to revolve, and the exit from monetary easing has become a reality. The focus is on when the Bank of Japan will lift its negative interest rate policy and how far it will raise interest rates. The Bank of Japan will carefully search for timing while determining the sustainability of the virtuous cycle and the Japanese economy's resistance to interest rate hikes.

Megabanks such as Mitsubishi UFJ are doing softly, and the sharp decline in long-term US interest rates after the FOMC is a headwind factor
$Mitsubishi UFJ Financial Group (8306.JP)$ 、 $Sumitomo Mitsui Financial Group (8316.JP)$Megabanks are being pushed by sales, etc. FOMC results were announced before dawn today Japan time, but the FRB decided to keep policy interest rates unchanged for 3 consecutive meetings, and in addition to being aware of the end of the interest rate hike phase, FRB Chairman Powell mentioned at the press conference after the meeting that interest rate cuts for next year were raised on the agenda at the meeting on the same day. For megabanks that develop US operations, the recent decline in interest rates has receded expectations for improvements in the management environment, and it has a negative effect on stock prices.

Recruit HD - Buyout Signs The share buyback ratio is 2.83%, up to 46 million shares and 200 billion yen
$Recruit Holdings (6098.JP)$There is a sign that they will buy it. The company announced on the 13th that it will set a treasury share acquisition quota with an upper limit of 46 million shares and 200 billion yen. The acquisition period is from 12/14 to 2024/7/17. Note that when the maximum number of shares is acquired, the ratio to the total number of issued shares excluding treasury stock is 2.83%.

Suzuki - decline 2024/3/31 as the reference date of 1 share divided into 4 shares
$Suzuki Motor (7269.JP)$fell. The company announced on the 13th that it would carry out a stock split. Common stock will be split at a ratio of 4 shares per share using 2024/3/31 as the reference date. Note, since the exchange rate of stock prices fluctuated to the appreciation of yen and depreciation of the dollar, sales to automobiles in general have begun, and the company has also started cheaply.

Nitori HD - I like the rapid rise in yen appreciation, and Celia etc. are also high
$Nitori Holdings (9843.JP)$has skyrocketed. The progress in the appreciation of the yen has been well received. The company's stock is being bought out of the expectation that the appreciation of the yen would lead to lower costs. $Kobe Bussan (3038.JP)$has also been going strong, $Seria (2782.JP)$It has risen around 6%.

Hitachi acquires Australian digital engineering company to strengthen automobile-related services
$Hitachi (6501.JP)$It was announced on the 13th that it had acquired the Australian automotive application development company Katsion Technology Solutions through its Yonago subsidiary Global Logic. The amount of the acquisition was not disclosed. Kazion has strengths in customer management systems, etc., and aims to strengthen services in the automotive field.

Offshore wind power companies, Akita, which is determined by 3 sea areas, is JERA, etc.
On the 13th, the Ministry of Economy, Trade and Industry announced the results of an open call for operators responsible for offshore wind power generation in the three sea areas of Akita, Niigata, and Nagasaki designated by the country. Akita is a corporate union such as JERA, the largest power generator in Japan, and Niigata $Mitsui (8031.JP)$Business coalitions, including Nagasaki $Sumitomo (8053.JP)$Business alliances such as these were selected.