Tokyo Market Summary: Nikkei Average rises by 392 yen to 0.04 million2224 yen TOPIX is also the highest in history

Top news
Government bond purchase decline “if it is moderate, there are no rating issues” Fitch personnel
The Bank of Japan is expected to proceed with a reduction in government bond purchases, which has suppressed rising interest rates in Japan until now. Chris Janis Krustin, who is in charge of government bonds in the Asia-Pacific region at major rating agency Fitch Ratings, said, “If the Bank of Japan's purchase cuts and interest rate increases moderately, there is no short-term problem with government bond ratings.” It also shows the view that fiscal reform is necessary in the long run.

Featured stocks
Toyota invests in EV charging equipment companies in North America and partners with Honda and GM
$Toyota Motor.JP$On the 10th, in preparation for electric vehicle (EV) charger network development in North America, $Honda Motor.JP$and rice $GM.US$It was announced that it will invest in the charging equipment company “Iona,” which is invested by 7 Japanese, American, European, and Korean automobile manufacturers, such as German BMW and Hyundai Motor Company. We will increase the number of EV charging bases that are in short supply in North America, leading to EV sales.
RELATED ARTICLES
Nissan and Honda cooperate to share EV battery data to comply with European regulations

Murata Manufacturing has updated its high price since the beginning of the year, and reports of shipment targets for Apple's next-generation smartphones stimulated stock prices◇
$Murata Manufacturing.JP$rebounded, and the year-to-date high was updated. US Bloomberg News Agency reported before dawn on the 11th Japan time that “US Apple is aiming to ship at least 90 million units of the next-generation smartphone “iPhone 16” later this year. $AAPL.US$It is said that they told suppliers and the like that they are targeting an increase of about 10% in the number of units shipped of the new iPhone compared to the previous model. At Murata, it seems that purchases were made in anticipation of boosting demand for electronic components for smartphones.

Saizeriya's stock price falls sharply and individual investors are disgusted by the abolition of preferential treatment
$Saizeriya.JP$has declined. I added 5250 yen, which was 8.69% lower at one point. It was announced on the 10th that the shareholder benefit program will be abolished at the end of the previous fiscal year (end of 2023/8). Although the financial results for the fiscal year ending 23/9/24, which were announced at the same time, showed a significant increase in profit, sales from individual investors who were disgusted with the abolition of preferential treatment became dominant.
RELATED ARTICLES
The background of the sharp drop in Saizeriya stock prices The magic of shareholder benefits

Eisai continued to increase for 5 days, and “lecanemab” was approved as an Alzheimer's disease treatment in Hong Kong
$Eisai.JP$It has continued to grow for 5 days. Today, the company announced that the dementia treatment drug “lecanemb (product name Recanembi),” which was jointly developed with US Biogen, has obtained approval as an Alzheimer's disease treatment in Hong Kong. This seems to be a source of interest for buyers. Approval in Hong Kong is fifth after the United States, Japan, China, and South Korea.

Mitsui Mono participates in LNG business in UAE and invests approximately 88 billion yen
$Mitsui.JP$It was announced on the 11th that it will participate in the United Arab Emirates (UAE) liquefied natural gas (LNG) business. The cost of designing and constructing an LNG plant is approximately 5.5 billion US dollars (about 0.9 trillion yen), and Mitsui plans to invest approximately 550 million US dollars (about 88 billion yen) through its subsidiaries to hold 10% of the equity.