The Nikkei Average started with an increase of 15 yen The Bank of Japan determined the sustainability of price and wage increases, and Governor Ueda met in the afternoon

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Bank of Japan meets with Governor Ueda in the afternoon to determine the sustainability of price and wage increases
The Bank of Japan will determine the sustainability of wage increases and prices at the monetary policy meeting on the 19th. While observations that negative interest rate policies will be lifted at an early stage are smoldering in the market, the Bank of Japan analyzes the actual state and outlook of the economy and discusses whether it is necessary to revise monetary policy.

The hedging cost of yen volatility is at a high level since July - ahead of BOJ decision
Exchange traders saw that there is a high possibility that the Bank of Japan will make significant progress again toward policy normalization at the monetary policy meeting on the 19th, and are preparing for that risk. As movements to prepare for fluctuations in yen after the Bank of Japan meeting spread, the next day implied volatility (IV, expected fluctuation rate) of the dollar and yen rose to the level since the July meeting, to around 33% or 200 pip (1 pip = 1 sen).

Nippon Steel strengthens US growth market with 2 trillion yen acquisition in view of EV demand
$Nippon Steel(5401.JP)$It will also acquire US Steel, a major US steel company, for about 2 trillion yen in 2024. In addition to strengthening overseas production capacity, there are aims to capture the electric vehicle (EV) market where growth can be expected and secure raw material rights and interests in the background of deciding on a huge acquisition.

Honda is the first Japanese company to produce passenger EVs in Thailand
$Honda Motor(7267.JP)$It was announced that production of electric vehicles (EVs) has begun in Thailand. A multi-purpose sports vehicle (SUV) will be built and sold in Thailand from January to March 2024. This is the first time that Japan has produced passenger EVs in Thailand.

Hitachi, Ltd. - Backlash for the first time in 4 days DX support for energy-saving IT systems = Nikkei
$Hitachi(6501.JP)$rebounded for the first time in 4 days. The morning edition of the Nihon Keizai Shimbun dated 19th reported that Global Logic, a subsidiary of the company, will support the introduction of energy-saving software for corporate customers.

Kanden stops thermal power construction in Wakayama and shifts to decarbonization
$Kansai Electric Power(9503.JP)$has solidified a policy to stop construction of a thermal power plant planned in Wakayama city. Power supply capacity has been secured by restarting nuclear power plants, and the need to build new thermal power to emit carbon dioxide (CO2) has diminished.

ー MooMoo News Evelyn
Distribution source: Nihon Keizai Shimbun, Bloomberg, Traders Web