Tokyo Market Summary: Is the Nikkei Average returning to “Japan's dominance,” which continues to update the highest value in history

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Bank of Japan's government bond purchase reduction, seeking opinions from institutional investors - second day of workers' meeting
On the afternoon of the 10th, the Bank of Japan will hold a bond market participant meeting following the day before to hear opinions from institutional investors on the purchase reduction of long-term government bonds by the Bank of Japan. According to interviews with multiple stakeholders, at meetings with banks, securities companies, etc. on the 9th, opinions came up calling for aggressive reduction from the Bank of Japan, mainly megabanks. In the economist survey conducted by Bloomberg after the June decision meeting, the central view was that the amount was first reduced to about 5 trillion yen, then gradually reduced every six months, and then compressed to about 3 trillion yen after 2 years. At the press conference after the meeting, President Kazuo Ueda expressed the view that “as long as the amount is reduced, it will be an appropriate scale.”

Will the Nikkei Average continue to rise, return to “Japan's dominance” without flinching in ETF sales where financial stock purchases continue
$Tokio Marine Holdings(8766.JP)$Ya $Mitsubishi UFJ Financial Group(8306.JP)$、 $Nomura Holdings(8604.JP)$The rise in financial stocks was conspicuous. $Sony Group(6758.JP)$Major stocks with large market capitalization, etc., continued to be bought, apparently from overseas investors. It can be mentioned that the view of “Japan's advantage” in terms of performance, such as the depreciation effect of yen depreciation, is coming back to life in the background of overseas movements that make purchases without saying that sales associated with exchange-traded fund (ETF) distributions are coming back to life.

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SBG-funded US medical AI companies and US securities companies are bullish and start covering
Major US securities companies are on the 9th $SoftBank Group(9984.JP)$US medical AI (artificial intelligence) companies that invest in $Tempus AI(TEM.US)$The cover was started with a bullish investment decision. It is expected that the company's clinical/molecular data utilizing AI may lead to more powerful diagnosis/test kits.

Mitsubishi Heavy continues to plummet, spurring sales due to reports surrounding Kawashige's money supply issues◇
$Mitsubishi Heavy Industries(7011.JP)$It continued to plummet. The company had 11 consecutive rises until 7/8, 2 business days ago, but the day before, as the Nikkei Stock Average rose over 900 yen at one point, the company's stock was conscious of a sense of overheating, and sales were pushed for the purpose of determining immediate profit. On the morning of the 10th, the Nihon Keizai Shimbun electronic edition reported on the morning of the same day that the Ministry of Defense explained that improper operation of specific secrets, unauthorized receipt of diving allowances by the Japan Maritime Self-Defense Force, and issues of power harassment were confirmed at the joint meeting of the Liberal Democratic Party, and that “companies related to Kawasaki Heavy Industries' money and goods provision issues to Kaiji submarine crew members will also be investigated.”

Mitsubishi Electric continued to expand on the 7th and signed a memorandum of understanding with the US company regarding defense equipment for Japan and the US
$Mitsubishi Electric(6503.JP)$It continued to grow for 7 days. On the 10th, it was announced that they agreed on collaboration with US Northrop Grumman ＜NOC＞ to provide defense equipment in the Japanese and US markets, and signed a memorandum of understanding (MOU). It seems that a purchase was made based on this as material. Mitsubishi Electric and Northrop Grumman will examine collaborative systems and business schemes to build cooperative relationships to provide electronic warfare systems, radars, communication systems, etc.

Dai-ichi Life HD hit a new high since listing, T&D is also high for the first time in 16 years, and the rise in ultra-long-term interest rates is a tailwind ◇
$Dai-ichi Life Holdings(8750.JP)$It continued to grow, and the high price was updated since listing, $T&D Holdings(8795.JP)$It also strengthened its upward price orientation and updated its year-to-date high price, and the market price has risen to a high price range for the first time in about 16 years since August 2008 before the Lehman shock. As the view that former President Trump of the Republican Party had an advantage in the US presidential election intensifies, there is also a view that large fiscal transfers advocated by Mr. Trump are a factor in high interest rates, which is inducing purchases into financial stocks. Meanwhile, domestic interest rates are also on an upward trend, but there is a situation where the rise in 20-year bond yields, which is an ultra-long-term interest rate, is conspicuous rather than 10-year bond yields.

Sony Group continues to grow, and Mizuho Securities raised its target stock price from 0.02 million300 yen to 0.02 million1100 yen
$Sony Group(6758.JP)$It continued to grow. The fact that Mizuho Securities continued to make investment decisions and raised the target stock price from 0.02 million300 yen to 0.02 million1100 yen seems to be well received by the market.