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Tokyo Market Summary: Nikkei Average falls, speculation increases on the possibility of BOJ lifting negative interest rates, room for decision in March...

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moomooニュース日本株 wrote a column · Jan 23, 2024 14:05
Tokyo Market Summary: Nikkei Average falls, speculation increases on the possibility of BOJ lifting negative interest rates, room for decision in March...
●注目銘柄:Thank you for your hard work today. Here is today's stock market overview. Thank you.
● The Nikkei Average closed at 36,517.57 yen, down 29.38 yen from the previous trading day...
● BOJ postpones lifting negative interest rates, maintains large-scale easing...
● Speculation grows on BOJ lifting negative interest rates in April, room for decision in March...
Advantest - Turns negative in the afternoon, with the Bank of Japan maintaining the current policy, but the news is exhausted. The Nikkei average briefly turns negative.
Toyota's market capitalization ranks third in Asia, surpassing Tencent in China.
●Hot Stocks: $Toyota Motor (7203.JP)$ $Sompo Holdings (8630.JP)$ $Advantest (6857.JP)$ $KDDI (9433.JP)$ $Zensho Holdings (7550.JP)$
- moomoo News Japan Stocks Evelyn

Market Overview
The Nikkei average stock price in the Tokyo stock market today closed at 36,517.57 yen, down 29.38 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) closed at 2,542.07, down 2.85 points.
Top News
BOJ maintains large-scale easing, postpones negative interest rate removal.
At the monetary policy meeting held on the 23rd, the Bank of Japan decided to maintain its large-scale monetary easing measures. The removal of the negative interest rate policy was postponed, and measures such as yield curve control and ETF purchases were also maintained as they were. It was determined that further observation of wage increases and price trends is necessary.

More speculation in April about the BOJ's negative interest rate removal, with room for a decision in March.
The Bank of Japan decided to continue its negative interest rate policy at the financial policy meeting on the 22nd and 23rd. Taking into account the uncertainties related to the Noto Peninsula earthquake at the beginning of the year and the report on the spread and extent of wage increases discussed at the branch managers' meeting on the 11th, it seems they have decided to further assess the economic and price situation.

Financial Services Agency completes inspection of Sompo - to strictly deal with Big Motor issue.
On the 23rd, Finance Minister Suzuki Shunichi expressed his intention to promptly determine the administrative response based on the inspection results regarding the insurance money fraud case involving the major used autos sales company Big Motor and its parent company Sompo Japan. $Sompo Holdings (8630.JP)$The on-site inspection of Sompo Japan and its parent company, which was conducted yesterday, has been completed, and Minister Suzuki Shunichi revealed this intention to promptly determine the administrative response based on the inspection results during a press conference after the cabinet meeting on the same day.

Hot Stocks
Toyota's market capitalization has surpassed Tencent in China, ranking third in Asia.
$Toyota Motor (7203.JP)$Toyota Motor's market capitalization has surpassed Tencent in China, becoming the third largest in Asia. $Tencent (TCEHY.US)$Toyota's market capitalization exceeded 328 billion dollars (about 48 trillion 580 billion yen) on the 22nd, surpassing Tencent's 322 billion dollars.
Toyota Motor's stock rose for 5 consecutive days, with news that two factories and three lines are expected to be shut down until the 24th.
$Toyota Motor (7203.JP)$Kyodo reports that Toyota Motor Corporation shares rose for the fifth day in a row. It has been reported that the company has stopped production at two factories with three lines operated by its production subsidiary Toyota Motor East Japan since the 19th.

Advantest - turned negative in the afternoon, with the Bank of Japan maintaining the current policy, but the material has been exhausted, leading to a temporary negative Nikkei average.
$Advantest (6857.JP)$The Nikkei average turned negative in the afternoon. The index has rapidly decelerated since the afternoon, and the company's stock, which has a large index contribution, has also fallen.

KDDI - fell, rumors of Kyocera's partial divestments and other discussions have also been reported.
$KDDI (9433.JP)$Decline. Reports of Kyocera's president's interview have surfaced, revealing the company's intention to provide specific utilization strategies in autumn for the policy-held shares.

Zensho HD - rebounds after 3 days, introducing the 'Blue and Yellow V Points' at the group's 4177 stores.
$Zensho Holdings (7550.JP)$Rebound after 3 days. On the 23rd, the company announced that starting April 22, 2024, at Zensho Group's 4177 stores (as of the end of December 2023), including Gyudon chain 'Sukiya', 100 yen Sushi chain 'Hamazushi', and Family restaurant 'Cocos', they will introduce the 'Blue and Yellow V Points'.

Source: Nihon Keizai Shimbun, Traderrs Web, Bloomberg, Minkabu, Fisco
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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