Tokyo market summary: The Bank of Japan's first interest rate hike in 17 years did not hinder the rise of Japanese stocks, and the Nikkei average surpassed 0.04 million yen again.
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● The Nikkei Stock Average closed at 40,003.60 yen, up 263.16 yen from the previous trading day.
● The Bank of Japan revised its large-scale easing policy and raised interest rates for the first time in 17 years. Continued bond purchases.
Major banks are considering raising interest rates on ordinary deposits to "get rid of 0.001%".
GPIF announces solicitation of information for diversification of investments, including bitcoin and gold.
Hot stocks: $Mitsubishi Motors (7211.JP)$、 $Mitsubishi UFJ Financial Group (8306.JP)$
- moomoo News Japan Stocks Zeber
Market Overview
The Nikkei Stock Average on the Tokyo Stock Exchange closed at 40,003.60 yen, up 263.16 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) ended at 2,750.97, up 28.98 points.
● The Nikkei Stock Average closed at 40,003.60 yen, up 263.16 yen from the previous trading day.
● The Bank of Japan revised its large-scale easing policy and raised interest rates for the first time in 17 years. Continued bond purchases.
Major banks are considering raising interest rates on ordinary deposits to "get rid of 0.001%".
GPIF announces solicitation of information for diversification of investments, including bitcoin and gold.
Hot stocks: $Mitsubishi Motors (7211.JP)$、 $Mitsubishi UFJ Financial Group (8306.JP)$
- moomoo News Japan Stocks Zeber
Market Overview
The Nikkei Stock Average on the Tokyo Stock Exchange closed at 40,003.60 yen, up 263.16 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) ended at 2,750.97, up 28.98 points.
Top News
Bank of Japan revises large-scale easing measures, raises interest rates for the first time in 17 years. Continued purchasing of government bonds.
At the Bank of Japan's monetary policy meeting on the 18th and 19th, they decided by a majority to revise the extensive monetary easing measures. They judged that the situation had reached a point where sustainable and stable achievement of the 2% inflation target can be expected, and changed their policy to urge for the overnight call rate to move around zero to minus 0.1% by lifting the negative interest rates and removing the negative interest rate policy.
Major banks are considering raising interest rates on ordinary deposits to 'get rid of 0.001%.'
Following the Bank of Japan's decision to lift the negative interest rate policy, private financial institutions have begun considering raising the interest rates on ordinary deposits. Major banks and regional banks had lowered deposit interest rates from 0.02% to 0.001% when the negative interest rate policy started in February 2016.
Bank of Japan cuts the upper limits of the range for purchasing medium- to long-term and superlong-term government bonds in quarterly purchases, for the first time in 17 years.
On the 19th, the Bank of Japan announced the quarterly basis government bond purchase plan which is normally disclosed at the end of the month.
Bank of Japan's interest rate hike for the first time in 17 years does not hinder the rise in Japanese stocks, and the market remains calm according to strategists.
The Bank of Japan ended its negative interest rate policy and took the step of raising interest rates for the first time in 17 years at the monetary policy meeting on the 19th. However, due to comments from BOJ officials and policy board members, as well as indications of possible policy changes through the media beforehand, the market has shown little disturbance according to strategists and fund managers.
GPIF announced that it is seeking information for diversifying its investments, including bitcoin, gold, and other assets with low liquidity.
The Government Pension Investment Fund (GPIF) announced on the 19th that it is seeking information to diversify its investments. The information is regarding assets with low liquidity that GPIF does not currently invest in, including the representative cryptocurrency bitcoin, as well as gold, forests, farmland, and more.
Avoiding the expansion of raising variable home loan interest rates, Bank of Japan shows two considerations.
On the 19th, the Bank of Japan finally decided to lift the negative interest rate policy. While the impact on variable rate home loans is likely the top concern for the general public, it is noticeable from the Bank of Japan's decision that there is a consideration to prevent a widespread increase in the important benchmark interest rate for those who are already borrowers.
The Bank of Japan's decision to abandon the negative interest rate also led to a depreciation of the yen, temporarily falling to the 150 yen level.
On the 19th in the Tokyo foreign exchange market, the yen depreciated and the dollar rose, briefly reaching the 150 yen level for the first time in two weeks. During the financial policy decision meeting that took place until that day, the Bank of Japan decided to lift the negative interest rate policy. Despite being a rate hike for the first time in 17 years which would normally lead to yen appreciation, what actually inflated was rather yen selling. Amid the diminishing expectations of a rate cut by the Federal Reserve Board (FRB) and the Bank of Japan not indicating additional rate hikes, there is a growing sentiment towards yen selling and dollar buying.
Hot stocks
Mitsubishi Motors sharply rose, briefly reaching the 149.90 yen level against the dollar/yen following the Bank of Japan's meeting results.
$Mitsubishi Motors (7211.JP)$ The toro is skyrocketing. It seems that the material is being viewed as the dollar-yen temporarily swinging to the 149.90 yen level in the foreign exchange market.
Mitsubishi UFJ reversed to negative in the afternoon, exhaustion of materials even with the Bank of Japan negative interest rate cancellation, selling bank stocks.
$Mitsubishi UFJ Financial Group (8306.JP)$ Moomoo reversed to negative in the afternoon. Clue is that the Bank of Japan announced the results of the financial policy meeting after 12:30.
Bank of Japan revises large-scale easing measures, raises interest rates for the first time in 17 years. Continued purchasing of government bonds.
At the Bank of Japan's monetary policy meeting on the 18th and 19th, they decided by a majority to revise the extensive monetary easing measures. They judged that the situation had reached a point where sustainable and stable achievement of the 2% inflation target can be expected, and changed their policy to urge for the overnight call rate to move around zero to minus 0.1% by lifting the negative interest rates and removing the negative interest rate policy.
Major banks are considering raising interest rates on ordinary deposits to 'get rid of 0.001%.'
Following the Bank of Japan's decision to lift the negative interest rate policy, private financial institutions have begun considering raising the interest rates on ordinary deposits. Major banks and regional banks had lowered deposit interest rates from 0.02% to 0.001% when the negative interest rate policy started in February 2016.
Bank of Japan cuts the upper limits of the range for purchasing medium- to long-term and superlong-term government bonds in quarterly purchases, for the first time in 17 years.
On the 19th, the Bank of Japan announced the quarterly basis government bond purchase plan which is normally disclosed at the end of the month.
Bank of Japan's interest rate hike for the first time in 17 years does not hinder the rise in Japanese stocks, and the market remains calm according to strategists.
The Bank of Japan ended its negative interest rate policy and took the step of raising interest rates for the first time in 17 years at the monetary policy meeting on the 19th. However, due to comments from BOJ officials and policy board members, as well as indications of possible policy changes through the media beforehand, the market has shown little disturbance according to strategists and fund managers.
GPIF announced that it is seeking information for diversifying its investments, including bitcoin, gold, and other assets with low liquidity.
The Government Pension Investment Fund (GPIF) announced on the 19th that it is seeking information to diversify its investments. The information is regarding assets with low liquidity that GPIF does not currently invest in, including the representative cryptocurrency bitcoin, as well as gold, forests, farmland, and more.
Avoiding the expansion of raising variable home loan interest rates, Bank of Japan shows two considerations.
On the 19th, the Bank of Japan finally decided to lift the negative interest rate policy. While the impact on variable rate home loans is likely the top concern for the general public, it is noticeable from the Bank of Japan's decision that there is a consideration to prevent a widespread increase in the important benchmark interest rate for those who are already borrowers.
The Bank of Japan's decision to abandon the negative interest rate also led to a depreciation of the yen, temporarily falling to the 150 yen level.
On the 19th in the Tokyo foreign exchange market, the yen depreciated and the dollar rose, briefly reaching the 150 yen level for the first time in two weeks. During the financial policy decision meeting that took place until that day, the Bank of Japan decided to lift the negative interest rate policy. Despite being a rate hike for the first time in 17 years which would normally lead to yen appreciation, what actually inflated was rather yen selling. Amid the diminishing expectations of a rate cut by the Federal Reserve Board (FRB) and the Bank of Japan not indicating additional rate hikes, there is a growing sentiment towards yen selling and dollar buying.
Hot stocks
Mitsubishi Motors sharply rose, briefly reaching the 149.90 yen level against the dollar/yen following the Bank of Japan's meeting results.
$Mitsubishi Motors (7211.JP)$ The toro is skyrocketing. It seems that the material is being viewed as the dollar-yen temporarily swinging to the 149.90 yen level in the foreign exchange market.
Mitsubishi UFJ reversed to negative in the afternoon, exhaustion of materials even with the Bank of Japan negative interest rate cancellation, selling bank stocks.
$Mitsubishi UFJ Financial Group (8306.JP)$ Moomoo reversed to negative in the afternoon. Clue is that the Bank of Japan announced the results of the financial policy meeting after 12:30.
Sources: Bloomberg, Nikkei, Jiji Press, QUICK Money World, Traders Web、Reuters
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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