Tokyo Market Summary: Nikkei Average depreciates by 19.58 yen, interest in US employment statistics, etc.
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Market Overview
Today's Nikkei Stock Average ended at 38683.93 yen, 19.58 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) fell 2.20 points to 2755.03 in the Tokyo Stock Exchange.
Today's Nikkei Stock Average ended at 38683.93 yen, 19.58 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) fell 2.20 points to 2755.03 in the Tokyo Stock Exchange.
Top news
Bank of Japan meeting forecast for this month = Bloomberg
● The majority of economists anticipate that the Bank of Japan will decide on a policy to reduce government bond purchases at this month's monetary policy meeting, and almost all anticipate that additional interest rate hikes will be postponed at this meeting.
● 92% of economists surveyed expect additional interest rate increases by the end of the year, which is higher than 81% of the April survey results.
● 54% of those surveyed believe that a reduction in government bond purchases will be decided at this meeting, and 26% anticipate that this is not the case. Also, 65% believe that the Bank of Japan should more clearly indicate future government bond purchase plans.
● Pressure on the depreciation of the yen increases the possibility of interest rate hikes by the end of the year, and 73% of respondents believe that the Bank of Japan is facing pressure to raise interest rates due to the depreciation of the yen.
Bank of Japan meeting forecast for this month = Bloomberg
● The majority of economists anticipate that the Bank of Japan will decide on a policy to reduce government bond purchases at this month's monetary policy meeting, and almost all anticipate that additional interest rate hikes will be postponed at this meeting.
● 92% of economists surveyed expect additional interest rate increases by the end of the year, which is higher than 81% of the April survey results.
● 54% of those surveyed believe that a reduction in government bond purchases will be decided at this meeting, and 26% anticipate that this is not the case. Also, 65% believe that the Bank of Japan should more clearly indicate future government bond purchase plans.
● Pressure on the depreciation of the yen increases the possibility of interest rate hikes by the end of the year, and 73% of respondents believe that the Bank of Japan is facing pressure to raise interest rates due to the depreciation of the yen.
Household expenditure for January and April: +0.5% compared to the previous year, in line with market expectations
● Japan's real consumption expenditure in April turned positive for the first time in 14 months, with a 0.5% increase from the same month last year. Mainly due to an increase in the number of people going out for 3 consecutive holidays and an increase in eating out expenses.
● Of the 10 consumer expenditure items, 6 items increased compared to the same month last year. “Clothing and footwear” increased 11.3%, “furniture/household goods” increased 1.9%, and “education” increased 25.9%.
Nippon Steel and Takeda Pharmaceutical decided the conditions for issuing subordinated bonds, and the issuance amount exceeded 600 billion
$Nippon Steel(5401.JP$with $Takeda Pharmaceutical(4502.JP$has issued subordinated bonds totaling over 600 billion yen, and is raising large-scale funds related to corporate mergers and acquisitions (M&A).
● Japan's real consumption expenditure in April turned positive for the first time in 14 months, with a 0.5% increase from the same month last year. Mainly due to an increase in the number of people going out for 3 consecutive holidays and an increase in eating out expenses.
● Of the 10 consumer expenditure items, 6 items increased compared to the same month last year. “Clothing and footwear” increased 11.3%, “furniture/household goods” increased 1.9%, and “education” increased 25.9%.
Nippon Steel and Takeda Pharmaceutical decided the conditions for issuing subordinated bonds, and the issuance amount exceeded 600 billion
$Nippon Steel(5401.JP$with $Takeda Pharmaceutical(4502.JP$has issued subordinated bonds totaling over 600 billion yen, and is raising large-scale funds related to corporate mergers and acquisitions (M&A).
Toyota expanded its decline later, and it is reported that 2 megabanks are considering selling strategic holdings
$Toyota Motor(7203.JP$The decline widened in the backfield. On the 7th, the US Bloomberg News Agency reported that “it became known on the 7th that the 2 megabanks of Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group (FG) are considering selling shares of Toyota Motor Corporation held as policy holdings.” It seems that sales came out wary of deteriorating supply and demand for stocks.
$Toyota Motor(7203.JP$The decline widened in the backfield. On the 7th, the US Bloomberg News Agency reported that “it became known on the 7th that the 2 megabanks of Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group (FG) are considering selling shares of Toyota Motor Corporation held as policy holdings.” It seems that sales came out wary of deteriorating supply and demand for stocks.
Mitsubishi UFJ is sluggish, and it is conveyed that “the monitoring committee is recommending disposition due to unauthorized sharing of customer information”
$Mitsubishi UFJ Financial Group(8306.JP$The electronic edition of the Nihon Keizai Shimbun reported before dawn on the 7th that “the Securities and Exchange Surveillance Commission has begun considering recommending that banks and 2 securities companies under the umbrella of the Mitsubishi UFJ Financial Group (MUFG) be administratively disposed of.”
$Mitsubishi UFJ Financial Group(8306.JP$The electronic edition of the Nihon Keizai Shimbun reported before dawn on the 7th that “the Securities and Exchange Surveillance Commission has begun considering recommending that banks and 2 securities companies under the umbrella of the Mitsubishi UFJ Financial Group (MUFG) be administratively disposed of.”
Distribution source: MINKABU, Bloomberg, FISCO
-Moo Moo News Japan Stock Zoe
-Moo Moo News Japan Stock Zoe
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