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Tokyo Market Summary: Nikkei Average Continues to Grow, Japan Maintains Flexible Exchange Rates Effective for Shock Absorption = IMF Executives

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moomooニュース日本株 wrote a column · Jan 31 00:13
Tokyo Market Summary: Nikkei Average Continues to Grow, Japan Maintains Flexible Exchange Rates Effective for Shock Absorption = IMF Executives
Hello, moomoo users!Thank you for the big draw. Today's stock market summary is as follows. regards
●The Nikkei Average ended at 36286.71 yen, 220.85 yen higher than the previous business day
●Minutes of the Bank of Japan meeting in the latter half of '13 that “began working in a good cycle” due to economic recovery
● Japan maintains a flexible exchange rate effective in absorbing shocks = IMF executives
● Rakuten G to issue dollar bonds worth approximately 265 billion yen - yield over 12% is the highest among Japanese companies
● Nintendo shares, which hit the highest price in history, and the whereabouts of profits being tested by waiting for “Switch 2”
● Attention to the handle: $Nintendo (7974.JP)$ $Mitsui O.S.K. Lines (9104.JP)$ $Komatsu (6301.JP)$ $Mitsubishi UFJ Financial Group (8306.JP)$etc
ー Moo Moo News Japanese stock Evelyn

Market Overview
Today's Nikkei Stock Average ended at 36286.71 yen, 220.85 yen higher than the previous business day, and the Tokyo Stock Price Index (TOPIX) ended 24.17 points higher than the previous business day at 2551.10.
Top news
Minutes of the Bank of Japan meeting in the latter half of '13 that “began working in a good cycle” for economic recovery
On January 31, the Bank of Japan released the minutes of the 2013/7/12 monetary policy meeting. It's been six months since we started cross-dimensional mitigation. The Bank of Japan deepened its confidence in the economic recovery led by domestic demand, and prices were on an upward trend with prices in the 1% range. The government demanded wage increases from the business community. Compared to the present, where a virtuous cycle of wages and prices is being created, it appears that they were struggling to prepare the ground for price increases.

A succession of positive opinions on policy normalization, “requirements are being met” - Bank of Japan opinion
At the monetary policy meeting held by the Bank of Japan on the 22nd and 23rd, there was a succession of positive opinions aimed at normalization from large-scale monetary easing policies. The “main opinions” were announced on the 31st. The market is beginning to incorporate it in earnest with the awareness that the Bank of Japan will step out of negative interest rates etc. in the near future.

Japan maintains a flexible exchange rate effective in absorbing shocks = IMF executives
International Monetary Fund (IMF) Asia Pacific Director Krishna Srinivasan commented on the 31st that the Japanese authorities maintain a flexible exchange rate, and that this performs a function of absorbing shocks and supports the Bank of Japan's monetary policy goal of price stability.

Notable stocks
Nintendo shares, which hit the highest price in history, are the whereabouts of profits being tested by waiting for “Switch 2”
Of the game maker representing Japan $Nintendo (7974.JP)$As for the stock price, based on the fact that investors are waiting for news surrounding the successor to the old home game console “Switch,” the recent sharp rise that hit an all-time high seems increasingly limited.

Rakuten G to issue dollar bonds worth approximately 265 billion yen - yield over 12% is the highest among Japanese companies
$Rakuten Group (4755.JP)$It was announced on the 31st that the issuance amount of dollar-denominated corporate bonds was decided to be 1.8 billion dollars (about 265 billion yen). It attracted investor demand with record high yields as dollar-denominated bonds of Japanese companies, and there is a view that excessive concerns about cash flow will calm down once.

MOL - Backmarket decline widens, full-year final profit revised upward below market consensus
$Mitsui O.S.K. Lines (9104.JP)$The backfield decline widened. At 12:00 on the 31st, the company announced that it will revise its consolidated net profit forecast for the full fiscal year 24.3 from 220 billion yen to 235 billion yen (down 70.5% from the previous fiscal year) and the year-end dividend forecast from 80 yen to 90 yen (260 yen at the end of the previous fiscal year).

Komatsu --- sharp rebound, earnings for the fiscal year ending 10-12 fell short of what was planned
$Komatsu (6301.JP)$Massive backlash. Financial results for the 3rd quarter were announced the day before, and operating income for the 10-12 fiscal year was 156.4 billion yen, up 15.9% from the same period last year, and it seems that the company plan was shaken by about 19.5 billion yen.

Megabanks such as Mitsubishi UFJ resisted the bad situation and were strong, and long-term interest rates rose in response to the Bank of Japan's “main opinion” ◇
$Mitsubishi UFJ Financial Group (8306.JP)$Starting with $Sumitomo Mitsui Financial Group (8316.JP)$ $Mizuho Financial Group (8411.JP)$Megabanks, etc. are showing strong price movements amid a general bad situation.

Distributor: Traders Web, Bloomberg, MINKABU, FISCO, Reuters
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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