Tokyo Market Summary: Nikkei Average Stock Price rebounded for the third consecutive day, real estate stocks soared due to "exit deflation trade".

Hello, moomoo users! Thank you for your hard work until the market close.The summary of today's stock market is as follows. Thank you in advance.
The Nikkei average stock price closed at 40,762.73 yen, up 364.70 yen from the previous trading day.
Bank of Japan Governor expressed concerns about the depreciation of the yen and its impact on the economy and prices.
The yen has fallen to its lowest level against the dollar in about 34 years, and the finance minister will take decisive measures.
Sumitomo Realty & Development Co. has seen a significant rise in response to the announced land prices, with the real estate sector performing well.
● Hot Stocks: $Sumitomo Realty & Development (8830.JP)$、 $San Ju San Financial Group (7322.JP)$etc
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Market Overview
On today's Tokyo stock market, the Nikkei Stock Average closed at 40,762.73 yen, up 364.70 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) closed at 2,799.28, up 18.48 points.

Top News
Nikkei Average up 364 yen, real estate stocks soar on "deflation escape trade".
On the Tokyo stock market on the 27th, the Nikkei Stock Average rebounded and closed at 0.040762 million yen, up 364 yen (0.9%) from the previous day. The yen weakened and the dollar strengthened in the foreign exchange market, approaching the level of 1 dollar = 152 yen at one point, and export-related stocks such as automobiles were bought. The rise of real estate and financial stocks was also noticeable due to expectations for overcoming deflation.

BOJ Governor watches the impact of a weaker yen on the economy and prices.
Bank of Japan Governor Haruhiko Kuroda said at the House of Representatives' Finance and Financial Affairs Committee on the afternoon of the 27th, regarding the progress of the yen's weakness in the exchange rate, "It is one of the important factors that have a significant impact on the economy and prices. We want to closely cooperate with the government and closely monitor the trends in the foreign exchange market and the impact on the economy and prices."

Yen falls to about a 34-year low against the dollar, Finance Minister vows to take decisive measures.
The yen fell to its lowest level against the dollar in about 34 years in the Tokyo foreign exchange market. While the Bank of Japan has shown a stance of maintaining an accommodative environment even after lifting its large-scale easing policies, expectations of an early interest rate cut in the United States have receded, and selling yen and buying dollars, conscious of the interest rate difference between Japan and the United States, has become predominant. Finance Minister Toshimitsu Motegi stated that he wants to take decisive measures regarding the progress of a weaker yen, increasing concerns about intervention.

The upper limit of yen weakness is 155 yen, and there are three pathways for the foundation brake to operate = Mr. Minoru Uchida.
The most influential factor in the exchange rate of major currencies after 2022 is the trend of real interest rates (excluding the Swiss franc, which was affected by large-scale domestic currency purchases). The continued weakness of the yen after the Bank of Japan lifted the negative interest rate on March 19 may be due to the substantial negative policy interest rate.

Bonds are rising, and there is a sense of comfort in buying due to the successful bidding for 40-year bonds - limited impact of Commissioner Tamura's statement.
The bond market rose on the 27th. The successful results of the 40-year government bond auction have expanded the comfort in buying. The market's response to the speech by Takashi Tamura, a member of the Bank of Japan's Monetary Policy Board, has been limited.

Hot Stocks
Kobayashi Pharmaceutical ordered to recall 'red yeast rice' - Osaka City takes administrative action.
$Kobayashi Pharmaceutical (4967.JP)$Osaka City issued an administrative order to Kobayashi Pharmaceutical on the 27th regarding health damage caused by supplements made from 'red yeast rice' produced by the company. The target includes three types such as 'Red Yeast Rice CholestHelp', and the relevant products will no longer be available for sale. The city plans to issue a disposal order in the future.

Sumitomo Real Estate---Significant rebound as the real estate sector remains high in response to public land prices.
$Sumitomo Realty & Development (8830.JP)$There is a significant rebound in the real estate sector today, which is the top among the industry's growth rates. The Ministry of Land, Infrastructure, Transport and Tourism announced the official land prices for 2024 the previous day. The national average for all purposes has risen by 2.3% compared to the previous year, and the growth rate is the highest in 33 years since the bubble period. Following the rise in stock prices and wages, the wave of price increases is spreading to land. There is also a clear trend of returning to offices due to the reduction in telecommuting, and commercial areas in the 23 wards of Tokyo are experiencing an average increase of 7.0%. The improvement in the real estate market is directly leading to positive sentiment.

33FG's stock has expanded its gains in the afternoon session. The company announced that it has formulated its third medium-term management plan (April 2024 to March 2027) at 2:00 p.m. on the 27th.
$San Ju San Financial Group (7322.JP)$is expanding its gains in the afternoon session. The company announced that it has formulated its third medium-term management plan (April 2024 to March 2027) at 2:00 p.m. on the 27th.

Sources: Bloomberg, Nikkei, Jiji Press, QUICK Money World, Traders Web、Reuters