Tokyo Market Summary: Is the Nikkei Average of 209 yen higher paving the way for additional interest rate hikes by the Bank of Japan, a headwind for stocks? - Market voices due to Prime Minister Kishida's resignation
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●The Nikkei Average ended at 36442.43 yen, 209.92 yen higher than the previous business day
● Is it a headwind for stocks, paving the way for additional interest rate hikes by the Bank of Japan - market voices due to Prime Minister Kishida's resignation
● The yen rose temporarily, the prime minister announced that he would not run for the presidential election - bonds are also expensive
● With Prime Minister Kishida's announcement that he will not run, the Liberal Democratic People's Democratic Republic presidential selection is expected to be in full swing
● Japan Stock Investment Trust, largest capital inflow of 160 billion yen this year, sharp drop week in August
● Rate of increase generation from a sharp drop in stock prices AI and defense-related ones rank high
● US Intel sells all British Arm shares
● Attention to the handle: $Mercari (4385.JP)$、 $Sapporo Holdings (2501.JP)$
ー MooMoo News Japanese stock Sherry
●The Nikkei Average ended at 36442.43 yen, 209.92 yen higher than the previous business day
● Is it a headwind for stocks, paving the way for additional interest rate hikes by the Bank of Japan - market voices due to Prime Minister Kishida's resignation
● The yen rose temporarily, the prime minister announced that he would not run for the presidential election - bonds are also expensive
● With Prime Minister Kishida's announcement that he will not run, the Liberal Democratic People's Democratic Republic presidential selection is expected to be in full swing
● Japan Stock Investment Trust, largest capital inflow of 160 billion yen this year, sharp drop week in August
● Rate of increase generation from a sharp drop in stock prices AI and defense-related ones rank high
● US Intel sells all British Arm shares
● Attention to the handle: $Mercari (4385.JP)$、 $Sapporo Holdings (2501.JP)$
ー MooMoo News Japanese stock Sherry
Market Overview
Today's Nikkei Stock Average ended at 36442.43 yen, 209.92 yen higher than the previous business day, and the Tokyo Stock Price Index (TOPIX) ended at 2581.90, 28.35 points higher than the previous business day.
Today's Nikkei Stock Average ended at 36442.43 yen, 209.92 yen higher than the previous business day, and the Tokyo Stock Price Index (TOPIX) ended at 2581.90, 28.35 points higher than the previous business day.
Top news
Is it a headwind for stocks, paving the way for additional interest rate hikes by the Bank of Japan - market voices due to Prime Minister Kishida's resignation
Prime Minister Kishida announced that he would not run for the Liberal Democratic Party presidential election when his term of office expires in September, and there were voices of acceptance among strategists and market participants that the path for additional interest rate increases was paved under a new leader who supports efforts to normalize monetary policy by the Bank of Japan. Meanwhile, it was pointed out that it could be a headwind for stocks often held by overseas investors who dislike rising interest rates and political uncertainty. In the Japanese stock market on the 14th, the Nikkei Average, which had been sluggish due to reports from Kyodo News and the like that Prime Minister Kishida would not run, rose by 300 yen or more at one point over the second half of the morning trading. After that, there were rough price movements, such as turning negative. The yen appreciated to the first half of the 146 yen range against the dollar at one point. In the bond market, where material from the decline in long-term interest rates in the United States prevailed, 10-year bond yields fell to 0.81%, which is 3 basis points lower.
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Prime Minister Kishida announced that he would not run for the presidential election, leading to political distrust
The yen rose temporarily, and the prime minister announced that he would not run for the presidential election - bonds are also expensive
Imura made a move, and it was reported that Prime Minister Kishida intends not to run for the presidential election, which is speculation◇
Is it a headwind for stocks, paving the way for additional interest rate hikes by the Bank of Japan - market voices due to Prime Minister Kishida's resignation
Prime Minister Kishida announced that he would not run for the Liberal Democratic Party presidential election when his term of office expires in September, and there were voices of acceptance among strategists and market participants that the path for additional interest rate increases was paved under a new leader who supports efforts to normalize monetary policy by the Bank of Japan. Meanwhile, it was pointed out that it could be a headwind for stocks often held by overseas investors who dislike rising interest rates and political uncertainty. In the Japanese stock market on the 14th, the Nikkei Average, which had been sluggish due to reports from Kyodo News and the like that Prime Minister Kishida would not run, rose by 300 yen or more at one point over the second half of the morning trading. After that, there were rough price movements, such as turning negative. The yen appreciated to the first half of the 146 yen range against the dollar at one point. In the bond market, where material from the decline in long-term interest rates in the United States prevailed, 10-year bond yields fell to 0.81%, which is 3 basis points lower.
RELATED ARTICLES
Prime Minister Kishida announced that he would not run for the presidential election, leading to political distrust
The yen rose temporarily, and the prime minister announced that he would not run for the presidential election - bonds are also expensive
Imura made a move, and it was reported that Prime Minister Kishida intends not to run for the presidential election, which is speculation◇
With Prime Minister Kishida's announcement that he will not run, the Liberal Democratic People's Democratic Republic presidential election is in full swing, and it is expected that the leading candidate
In response to Prime Minister Fumio Kishida's announcement on the 14th that he does not intend to run for the Liberal Democratic Party presidential election in September, Japan will welcome a new leader. Succession candidates that are seen as dominant are listed below. Former Minister of Defense Ishiwari Shigeru, Digital Minister Kono Taro, Foreign Minister Yoko Kamikawa, Secretary General Motegi Toshimitsu, former Minister of the Environment Koizumi Shinjiro, and Minister in charge of economic security Takaichi Sanae.
In response to Prime Minister Fumio Kishida's announcement on the 14th that he does not intend to run for the Liberal Democratic Party presidential election in September, Japan will welcome a new leader. Succession candidates that are seen as dominant are listed below. Former Minister of Defense Ishiwari Shigeru, Digital Minister Kono Taro, Foreign Minister Yoko Kamikawa, Secretary General Motegi Toshimitsu, former Minister of the Environment Koizumi Shinjiro, and Minister in charge of economic security Takaichi Sanae.
Japan Stock Investment Trust's largest capital inflow of 160 billion yen this year in the week of the sharp drop in August
It is clear that individual investors are buying in the face of a sharp decline in Japanese stocks. The inflow into mutual funds investing in Japanese stocks exceeded 160 billion yen in the 1st week of August (5-9), and was the largest this year on a weekly basis. The sharp drop in the Nikkei Stock Average on the 5th was not strange for individuals who began investing under the new small investment tax exemption system (NISA) that began in early 2024, but for accumulated investments, it was seen as a shopping place that lowered average purchase costs, leading to calm investment behavior.
It is clear that individual investors are buying in the face of a sharp decline in Japanese stocks. The inflow into mutual funds investing in Japanese stocks exceeded 160 billion yen in the 1st week of August (5-9), and was the largest this year on a weekly basis. The sharp drop in the Nikkei Stock Average on the 5th was not strange for individuals who began investing under the new small investment tax exemption system (NISA) that began in early 2024, but for accumulated investments, it was seen as a shopping place that lowered average purchase costs, leading to calm investment behavior.
Generating the rate of increase from a sharp drop in stock prices AI and defense-related ones rank high
The Nikkei Stock Average fell 4451 yen from the previous day on the 5th, and recorded the biggest decline in history. Attention is being drawn to the resilience of stock prices in the market, with a sharp rebound of 3217 yen, which is the biggest increase in history, on the next 6th. When the rate of increase from the closing price on the 5th was investigated for 225 stocks using the Nikkei Stock Average, the return in stock prices of one part of the semiconductor industry and defense-related companies that announced good financial results after a sharp fall was conspicuous.
The Nikkei Stock Average fell 4451 yen from the previous day on the 5th, and recorded the biggest decline in history. Attention is being drawn to the resilience of stock prices in the market, with a sharp rebound of 3217 yen, which is the biggest increase in history, on the next 6th. When the rate of increase from the closing price on the 5th was investigated for 225 stocks using the Nikkei Stock Average, the return in stock prices of one part of the semiconductor industry and defense-related companies that announced good financial results after a sharp fall was conspicuous.
US Intel sells all British Arm shares
The English semiconductor design owned by the US semiconductor Intel $Arm Holdings (ARM.US)$All shares were sold for the 2024/4/6 fiscal year. It was revealed in the quarterly securities held report submitted to the US Securities and Exchange Commission (SEC) on the evening of 8/13 US Eastern Time.
The English semiconductor design owned by the US semiconductor Intel $Arm Holdings (ARM.US)$All shares were sold for the 2024/4/6 fiscal year. It was revealed in the quarterly securities held report submitted to the US Securities and Exchange Commission (SEC) on the evening of 8/13 US Eastern Time.
There is a possibility that Japan's corporate bond issuance will slow down, and spreads will expand due to Bank of Japan interest rate hikes
The yen bond market is becoming increasingly unstable in response to the Bank of Japan's decision to raise additional interest rates on July 31, and securities companies that underwrite corporate bonds believe that there is a high possibility that bond issuance will slow down for the time being due to higher corporate bond issuance costs. According to Bloomberg data, Japan's corporate bond spread (additional interest rate) expanded by about 1.6 basis points (bp, 1 bp = 0.01%) in the 2 weeks until the 9th. Spreads, which are an important indicator of funding costs, have been shrinking almost consistently this year, but the trend is changing due to additional interest rate increases by the Bank of Japan.
The yen bond market is becoming increasingly unstable in response to the Bank of Japan's decision to raise additional interest rates on July 31, and securities companies that underwrite corporate bonds believe that there is a high possibility that bond issuance will slow down for the time being due to higher corporate bond issuance costs. According to Bloomberg data, Japan's corporate bond spread (additional interest rate) expanded by about 1.6 basis points (bp, 1 bp = 0.01%) in the 2 weeks until the 9th. Spreads, which are an important indicator of funding costs, have been shrinking almost consistently this year, but the trend is changing due to additional interest rate increases by the Bank of Japan.
Featured stocks
Mercari's stock price is temporarily 10.7% and there is uncertainty about the growth of the US flea market
$Mercari (4385.JP)$fell for the first time in 6 business days. It fell to 1941 yen, down 10.75% at one point. On the 13th, it was announced that consolidated core operating profit (international accounting standards), which indicates the profit from the main business for the fiscal year ending 2025/6 (current fiscal year), is likely to increase 17-32% from the previous fiscal year to 22 billion to 25 billion yen. The US flea market business, which the market paid attention to amid heightened withdrawal observations, set a goal of aiming for break-even (balance of profit and loss) by reducing personnel and reviewing fees, but it seems that uncertainty about regrowth has not been dispelled and is being pushed to sell off.
Mercari's stock price is temporarily 10.7% and there is uncertainty about the growth of the US flea market
$Mercari (4385.JP)$fell for the first time in 6 business days. It fell to 1941 yen, down 10.75% at one point. On the 13th, it was announced that consolidated core operating profit (international accounting standards), which indicates the profit from the main business for the fiscal year ending 2025/6 (current fiscal year), is likely to increase 17-32% from the previous fiscal year to 22 billion to 25 billion yen. The US flea market business, which the market paid attention to amid heightened withdrawal observations, set a goal of aiming for break-even (balance of profit and loss) by reducing personnel and reviewing fees, but it seems that uncertainty about regrowth has not been dispelled and is being pushed to sell off.
Sapporo HD shares continue to grow drastically to solicit acquisition proposals etc. for the real estate business
$Sapporo Holdings (2501.JP)$Significant growth continues. It rose 15.3% to 7174 yen at one point. The company announced on the 13th that it will begin soliciting proposals such as acquisition proposals from strategic partner candidates relating to the introduction of external capital into the real estate business around mid-September, and speculative purchases have become dominant.
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Domestic beer sales increased 6% in July due to intense heat and outdoor events
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$Sapporo Holdings (2501.JP)$Significant growth continues. It rose 15.3% to 7174 yen at one point. The company announced on the 13th that it will begin soliciting proposals such as acquisition proposals from strategic partner candidates relating to the introduction of external capital into the real estate business around mid-September, and speculative purchases have become dominant.
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Domestic beer sales increased 6% in July due to intense heat and outdoor events
Distribution source: Bloomberg, Nihon Keizai Shimbun, Moneyworld, MINKABU
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Chibou :
Kishida, I wonder if it wasn't until I went outside that I understood the public opinion of the people 
the opposition party would win. the next general election. slow. The market benefits the Japanese economy. Let's be careful about the American presidential election too
暇老人 : If Takaichi Sanae, who has a weak base within the party, becomes the first female prime minister, I think we can switch to aggressive finance. Certainly, the other candidates are all fiscal austerity and tax hikes who have been brainwashed by the Ministry of Finance, so anxiety about the future of the Japanese economy, let alone stock prices, remains.
Yoshi_777 : I think monetary policy normalization is necessary, but the condition is that the economy remains steady. If the exchange rate fluctuates in line with the appreciation of the yen and corporate performance is affected, wage increases will not continue, and consumption will not increase. All of this has resulted in increased volatility because the monetary policy cycle is reversed between Japan and the US, plus the world.
The current Liberal Democratic Party doesn't have any presidential candidates who can wave the flag of monetary policy normalization, prepared for rapid yen appreciation and stock depreciation. The approval rating is scary, and I think they will have no choice but to move in a populist way after all.