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Tokyo Market Summary: Finance Minister Suzuki Says “Appropriate Response Without Eliminating All Options” to Excessive Fluctuations in Nikkei Average Exchange Rates

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moomooニュース日本株 wrote a column · Sep 26, 2023 01:04
Tokyo Market Summary: Finance Minister Suzuki Says “Appropriate Response Without Eliminating All Options” to Excessive Fluctuations in Nikkei Average Exchange R...
Hello Moomoo users!Thank you very much for your hard work. Today's stock price summary is as follows. Thank you in advance.
●The Nikkei Stock Average ended at 32315.05 yen, 363.57 yen lower than the previous business day
● “Appropriate response without eliminating all options” to excessive fluctuations in exchange rates - Minister of Finance Suzuki
● Market inflation expectations are at a high level for the first time in about 9 years, and prices are likely to rise due to high crude oil prices and depreciation of the yen
● Insurance stocks are reversed, and long-term US interest rates are at a high level for the first time in 16 years, and management improvement expectations ◇
● Mitsubishi UFJ invests in emerging US space development and forms a partnership to attract domestic space ports
● Attention to the handle: $Tokio Marine Holdings (8766.JP)$ $Mitsubishi UFJ Financial Group (8306.JP)$ $Kao (4452.JP)$ $Meiji Holdings (2269.JP)$etc
ー Moo Moo News Japanese stock Evelyn

Market Overview
The Nikkei Stock Average ended at 32315.05 yen, 363.57 yen lower than the previous business day, and the TSE stock price index (TOPIX) fell 13.56 points at 2371.94 in the Tokyo stock market today.
Top news
“Appropriate Response Without Eliminating All Options” to Excessive Exchange Rate Fluctuations - Finance Minister Suzuki
At the post-cabinet meeting conference on the 26th, Finance Minister Shunichi Suzuki stated that he is “watching with a high sense of tension” market movements in relation to current exchange rate trends, and stated that “we will respond appropriately without eliminating all options” to excessive fluctuations.

Market inflation expectations are at a high level for the first time in about 9 years, and prices are likely to rise due to high crude oil prices and depreciation of the yen
The index representing inflation expectations in financial markets has risen to a level for the first time in about 9 years. There is a view in the background that prices will remain high and that upward pressure due to high crude oil prices and depreciation of the yen will continue in the future.

Core price index with emphasis on the Bank of Japan continues to rise at a record high - August
The rate of increase in the various core indicators that the Bank of Japan, which aims to achieve the price stability target of 2 percent, emphasizes in analyzing underlying fluctuations in consumer prices reached record highs in August, following the previous month. The “index for capturing the underlying inflation rate” was announced on the 26th.

Notable stocks
Insurance stocks are going backwards high, long-term US interest rates are at a high level for the first time in 16 years, and management improvements are expected ◇
$Tokio Marine Holdings (8766.JP)$Ya $MS&AD Insurance Group Holdings (8725.JP)$ $Dai-ichi Life Holdings (8750.JP)$ $T&D Holdings (8795.JP)$Insurance stocks, etc., went backwards high. The “insurance industry” is at the top of the price increase rate ranking of the 33 industry type index of the Tokyo Stock Exchange.

Mitsubishi UFJ invests in emerging US space development and forms a partnership to attract domestic spaceports
$Mitsubishi UFJ Financial Group (8306.JP)$ $Tokio Marine Holdings (8766.JP)$ $Kanematsu (8020.JP)$The three companies will form a capital and business alliance with the US Emerging Sierra Space, which handles space development, over the space business. We will invest tens of billions of yen to accelerate the space port concept using Oita Airport as a base for space transport ships.

Kao considers merger of 30% of cosmetics brand consolidation
$Kao (4452.JP)$will proceed with the reorganization of cosmetics brands. While actively investing in about 70% of the 30 brands and proceeding with overseas expansion, we will consider abolition and brand integration for the remaining 30%. An extraordinary loss of approximately 5 billion yen due to inventory disposal etc. will be recorded in the fiscal year ending 2023/12 due to consolidation. Sales in the cosmetics business will rise to a scale of 300 billion yen by the fiscal year ending 27/12, a 20% increase from the previous fiscal year due to the expansion of regions handling major brands.

Meiji HD-Seishin obtains domestic manufacturing and sales approval for the 5-type combination vaccine
$Meiji Holdings (2269.JP)$It continues to grow. The company announced on the 25th that its subsidiary KM Biologics has obtained domestic manufacturing and sales approval from the Ministry of Health, Labor, and Welfare for the 5-type mixed vaccine “Quintback aqueous suspension injection,” which prevents infectious diseases caused by pertussis, diphtheria, tetanus, acute poliomyelitis (polio), and Haemophilus influenzae type b (Hib).

Distributors: Bloomberg, Nihon Keizai Shimbun, Traders Web, MINKABU
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