Tokyo Market Summary: Nikkei Stock Average falls slightly, sells to semiconductor-related stocks

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●The Nikkei Stock Average was 40097.63 yen, 11.60 yen lower than the previous business day
● Tokyo consumer price recovery to 2% level, impact of price measures round 1 - Bank of Japan normalization boost
●Bank of Japan Governor Says Introduction of Digital Yen “Should Be Decided by Public Debate”
● There is also water in the market price centered on East Elec stocks and Nikkei stocks that are close to the upper weight limit of semiconductor stocks
●Fast Track rebounded, and sales of existing UNIQLO stores in Japan surpassed the previous year for 2 consecutive months in February
● Attention to the handle: $Tokyo Electron(8035.JP)$、 $NTT Data Group(9613.JP)$、 $Fast Retailing(9983.JP)$etc
-MooMoo News Japan Stock Zeber

Market Overview
Today's Nikkei Stock Average ended at 40097.63 yen, 11.60 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) ended at 2719.93, 13.65 points higher in the Tokyo Stock Exchange.

Top news
Tokyo consumer price recovery to 2% level, impact of price measures round - boosted by Bank of Japan normalization
The consumer price index (core CPI excluding fresh food) for the Tokyo metropolitan area in February, which is a leading indicator of prices nationwide, exceeded 2% targeted by the Bank of Japan for the first time in two months. The effects of the government's measures to reduce the burden of electricity and gas bills, which had been a factor driving down prices, went round and round.

Bank of Japan Governor Says Introduction of Digital Yen “Should Be Decided by Public Debate”
Bank of Japan Governor Ueda Kazuo said hello on the 5th at an event in Tokyo hosted by Nikkei Inc. and the Financial Services Agency, and expressed recognition that the introduction of digital currency (CBDC) issued by central banks in Japan “should be decided through national discussions.” The CBDC stated, “It is also important to consider how to empower people and companies and build a new ecosystem.”

Is the lifting of negative interest rates a blow to Japan's dark “zombie companies”
Large Japanese companies are well prepared for the cancellation of negative interest rate policies by the Bank of Japan. However, the cancellation will unearth the dark parts of Japan. It's a struggling small business.

Pay attention to the handle
There is also water in the market price centered on East Elec stocks and Nikkei close to the upper weight limit of semiconductor stocks
As semiconductor stocks continue to rise against the backdrop of expectations for generative AI (artificial intelligence), $Tokyo Electron(8035.JP)$The weight (composition ratio) of stocks in the Nikkei average is rapidly approaching 10% of the cap (upper limit). If it is above the end of July, which is the next reference date for the regular review of the Nikkei average calculation, rebalance sales associated with weight reduction are expected. Although there is still time until the reference date, there is a view that if the future makes it difficult to buy, the rise in the index led by semiconductor-related stocks could be dampened.

Ministry of Internal Affairs and Communications gives administrative guidance to LINE Yahoo due to disclosure of personal information
The Ministry of Internal Affairs and Communications is on the 5th $LY(4689.JP)$In response to the information leak case, administrative guidance was given to thoroughly protect communication secrecy and ensure cybersecurity.

NTT DATA continued to grow for 3 days, and collaboration with Sharp began in the cashless payment field◇
$NTT Data Group(9613.JP)$has continued to grow for 3 days. On the morning of this day, the subsidiary NTT DATA $Sharp(6753.JP)$It has been announced that collaboration will begin in the cashless payment field, and it is viewed as good news.

Fast Track rebounded, and sales of existing UNIQLO stores in Japan surpassed the previous year for 2 consecutive months in February
$Fast Retailing(9983.JP)$There is a backlash. According to the domestic UNIQLO sales bulletin for February, which was announced after the transaction ended on the 4th, sales of existing stores combined with e-commerce increased 7.2% from the same month last year, and it is well received that it surpassed the previous year's results for 2 consecutive months.

Distributor: Bloomberg, Nihon Keizai Shimbun, Jiji Press, QUICK Money World, Traders Web、Reuters