Tokyo Market Summary: Nikkei Average Continues Bank of Japan Governor Ueda “A Virtuous Cycle Is Slightly Happening”

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● The Nikkei Average ended at 32166.48 yen, 105.34 yen lower than the previous business day
●Bank of Japan Governor Ueda responds in the House of Representatives that “there is a slight virtuous cycle happening”
●Bonds rise, Japan-US interest rates retreat - long-term interest rates are at a low level for the first time in 2 weeks
● US Berkshire appoints chief secretary to issue yen denominated corporate bonds - this is the second time
● Nintendo suddenly rebounded and updated year-to-date highs, raised “Switch” software sales forecasts and revised earnings forecasts upward
● Attention to the handle: $Nintendo(7974.JP)$、 $Suzuki Motor(7269.JP)$、 $ENEOS Holdings(5020.JP)$
-MooMoo News Japan Stock Zeber

Market Overview
Today's Tokyo Stock Average ended at 32166.48 yen, 105.34 yen lower than the previous business day, and the Tokyo Stock Exchange Index (TOPIX) fell 26.96 points to 2305.95.

Top news
Bank of Japan Governor Ueda responds in the House of Representatives that “there is a slight virtuous cycle occurring”
Bank of Japan Governor Ueda Kazuo expressed recognition at the House of Representatives Finance and Finance Committee on the 8th that “a virtuous cycle of prices and wages is occurring little by little” in order to achieve the 2% price target set by the government/Bank of Japan. On top of that, he stated that “considering that [the virtuous cycle] is still slightly weak, we are maintaining the current mitigation policy.”

IMF capital increase, investment ratio unchanged, Japan maintains 2nd place
At the Board of Directors meeting on the 7th, the International Monetary Fund (IMF) approved a plan to increase capital by 50% without changing the investment ratio of each country. Japan will maintain second place after the United States. Priority was given to promptly increasing support capacity for developing countries, etc., without going deep into discussions to raise China's ranking.

Bonds rise, Japan-US interest rates retreat - long-term interest rates are at a low level for the first time in 2 weeks
The bond rate rose on the 8th, and long-term interest rates hit a low level for the first time in 2 weeks. Buying has taken the lead in response to the decline in long-term interest rates in the US.

US Berkshire appoints chief secretary to issue yen denominated corporate bonds - this is the second time
An investment company led by famous American investor Warren Buffett $Berkshire Hathaway-A(BRK.A.US)$The head secretary, Mizuho Securities, has made it clear that preparations have begun for the issuance of yen denominated corporate bonds. This is the second time since the yen-denominated bond issued by the company in April.

Featured stocks
Nintendo suddenly rebounded, updated year-to-date highs, raised “Switch” software sales forecasts, and revised earnings forecasts upward
$Nintendo(7974.JP)$There was a sudden rebound, and the year-to-date high was updated. After trading ended on the 7th, the full-year earnings forecast was reviewed in line with the announcement of consolidated financial results for the 2nd quarter of the fiscal year ending March 31, 24 (April-September), and the final profit forecast was raised from 34 billion yen to 42 billion yen (down 3.0% from the previous fiscal year). The estimated exchange rate was also reviewed based on the sales situation for the April-September fiscal year and future prospects. Buyers favored the upward revision of earnings forecasts.

Suzuki's sudden rebound, and final profit for the current fiscal year is expected to turn to a record high due to exchange rate effects and changes in sales structure
$Suzuki Motor(7269.JP)$There was a sudden rebound, and the year-to-date high was updated. After trading ended on the 7th, the full-year earnings forecast was revised upward in line with the announcement of consolidated financial results for the 2nd quarter (April-September) of the fiscal year ending 2014/3. The sales forecast for the current fiscal year was raised from 5 trillion yen to 5.20 trillion yen (up 12.0% from the previous fiscal year), and the final profit forecast was raised from 21 billion yen to 240 billion yen (up 8.5% from the same period). The final profit is expected to be a record high, a complete reversal from the profit decline forecast. It seems that buyers that evaluated business conditions were gathered.

ENEOS - rear market decline widened full-year final profit was revised upward, and there was no material
$ENEOS Holdings(5020.JP)$but the drop in the rear field has widened. The company announced at 13:00 on the 8th that it would raise its consolidated net profit forecast (IFRS) for the full fiscal year 243 to 240 billion yen (up 66.9% from the previous fiscal year) from the previous 180 billion yen. The market consensus is 233.6 billion yen.

Distribution source: Bloomberg, Nihon Keizai Shimbun, MINKABU, Traders Web