Tokyo Market Summary: Expectations of Bank of Japan's interest rate hike decline, political unrest in South Korea, "Seoul Night" ended in failure, Nintendo Co Ltd's impressive eight-day winning streak.

184295026 : One particular concern from this article is as follows:
- In the morning, overseas observers received negative speculation articles about the rate hike in December issued by the communication agency, which led to selling the yen. Expectations for the Bank of Japan's rate hike, which had temporarily reached 73%, calmed down a bit, and this morning it was fluctuating around 55%. Expectations suddenly receded, especially among overseas players, and dropped nearly 30%.

The communication agency in the morning, this caught my attention. When I googled the communication agency, just below the top results, there were related questions popping up, which is a feature that uses massive big data from search queries processed by GoogleAI to pick up closely related topics. "World's communication agencies" was highlighted.

- Top 5 Communication Agencies in the World: Reuters (United Kingdom), AFP (France), AP and UPI (American), TASS (Russia).
- 7 Major Communication Agencies: Among overseas communication agencies are AP, UPI (United States), Yonhap News (South Korea), Xinhua News Agency (China), Thomson Reuters (American), TASS (Russia).

All are major overseas agencies that any investor would come across. Like Thomson Reuters, for example.

From my observation, this morning's communication agency release about the "declining probability of a Bank of Japan rate cut in December":
- This was not from a Japanese communication agency, but from an overseas communication agency.
- Communication agencies are more influential internationally than domestically in Japan. However, overseas correspondents research information about Japan and send it in English articles to their home countries and worldwide.
- As a result, there is a risk that overseas correspondents misunderstand the accurate political and economic situations in Japan (not completely off the mark, but discrepancies in the facts) and may potentially send out inaccurate information.
- After all, isn't Japanese considered the most difficult language in the world? With kanji, hiragana, and katakana, that's three writing systems, not to mention the complex grammar. Even for Japanese people, accurately grasping the content of complex academic papers is difficult.
- Furthermore, understanding the intricate Japanese national political system and politics (Parliament and Cabinet), Japanese economy, and accurately reporting on these require intricate expressions of complex kanji. For instance, the complex and esoteric terminology exchanges between the questions from reporters at the Bank of Japan meetings with Governor Kuroda and his responses.

From all of this, there is a possibility that the overseas correspondents stationed in Japan may have misinterpreted the complex expressions of the Japanese language used in the report documents from their Japanese information sources, resulting in a misunderstanding of the original authors' intentions in their written works.

Additionally, the following document is from the Nikkei newspaper:
- On the 4th, some communication agencies reported that if there is no upward pressure on prices due to the progress of yen depreciation, the Bank of Japan may postpone its policy change at the December meeting. Following the distribution of similar English articles, overseas investors intensified selling yen and buying dollars.

Given the distribution of similar English articles, I would think that "some communication agencies" refers to overseas communication agencies, right? Since if it were from a Japanese communication agency, would they use the term "English articles" deliberately? If it were me, I would phrase it like this: "Multiple overseas communication agencies promptly turned the news of the Bank of Japan's declining likelihood of a rate cut in December into English articles for overseas circulation after it was disseminated by Japanese *** communication agency."

From this, it's possible that international correspondents from major overseas communication agencies misunderstood the convoluted discussions in the reports provided by Japanese collaborators due to the complexities of the Japanese language, and proceeded to misinterpret that information in their English articles. This misinterpretation, once published, prompted major overseas investors (overseas institutional investors based overseas, overseas funds) to act quickly and implement substantial investments from their own assets into the Japanese market. When significant market players move, capable of substantial buying and selling of massive funds, the market average prices immediately respond with fluctuations. Japanese investors (both individual and large Japanese institutions and funds) would then rush to follow suit.

Isn't this the breakdown of the flow of the Japanese market on Wednesday? In the evening, after revising today's movements in the Japanese market from the economic news article, I found important points that didn't sit well with me (not easily accepted).

Because as a result of this particular communication agency's article being disseminated overseas, last week after the interview with Governor Kuroda of the Bank of Japan held by the Nikkei newspaper on Thursday, the probability of a rate cut in December had risen to 70%, but due to the impact of today's global spread of the communication agency article, the probability dropped abruptly to 30%!!! Isn't this too extreme, no matter how you look at it? In other words, it's "extremely unnatural." Moreover, this communication agency:
- Which specific communication agency?
- Where did the information originate?
- Definitive backing of the information from Bank of Japan employees or senior officials, directly obtained from the Bank of Japan, is not written in any economic news sources.

Basically, the reliability of this article can't be trusted. As a result of today's releases from various communication agencies, even if it's a fact that the probability of a Bank of Japan rate cut in December dropped significantly - (this is a fact that outsiders unrelated to the Bank of Japan are causing a stir based on rumors), the most crucial question is whether the Bank of Japan and Governor Kuroda are truly planning that.

大負けネコ : Good evening.

It's been a while since I've seen such a sharp and witty "Tsukkomi". Personally, I feel relieved to see that there are people with high information literacy, who doubt and verify the authenticity of information, even on the "moo bulletin board".

As for myself, reading this "suspicious information?" made me half-believe, thinking, "Could my worries be coming to an end?".

However, due to past experiences where I follow the twisted principle of "investigating bad news and doubting good news", I have been proceeding with "liquidating assets" to prepare for the "narrowing of the interest rate spread between Japan and the United States after mid-December" today, sticking to my own pace and rules.

Certainly, it was unbelievable information. In the evening news segment about "an incident in South Korea" and evaluating various other information, I still believe that a "rate hike in Japan this month" is possible. That's what I think.

People who boldly express their own opinions, like you, instead of being part of the silent majority, are trustworthy individuals. I believe that.

Let's all strive to always maintain a "My Opinion" by not neglecting the attitude of "collecting information", including myself.

I apologize for the lengthy and rambling message at this late hour. Good night.