Tokyo Market Summary: The Nikkei Average continued to rise for 3 days, and the Bank of Japan's inflation trend indicators all grew and contracted in November

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●The Nikkei Average ended at 33305.85 yen, 51.82 yen higher than the previous business day
● Japanese stocks and depreciation of yen in 2023 are boosted by rising - will they maintain their upward momentum due to purchases from overseas players
●The Japanese stock overseas market in '24 preferred “no exchange rate hedging”
● The Bank of Japan's inflation trend indicators all grew and contracted in November for the first time since 22/4
● LINE Yahoo - backstage plus conversion It is reported that Cathy Wood bought the company's stock
● Attention to the handle: $LY(4689.JP)$、 $Daiwa House Industry(1925.JP)$、 $Kirin Holdings(2503.JP)$
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Market Overview
Today's Nikkei Stock Average ended at 33305.85 yen, 51.82 yen higher than the previous business day, and the Tokyo Stock Price Index (TOPIX) ended at 2338.86, 1.46 points higher than the previous business day.

Top news
The Bank of Japan's inflation trend indicators all grew and contracted in November for the first time since 22/4
As for the indicators showing the trend of November prices announced by the Bank of Japan on the 26th, the growth rate of all 3 indicators has shrunk from the previous month. Since the growth rate of the consumer price index (excluding fresh food, core CPI) exceeded 2% in April 2022, it is the first time that the growth rate has shrunk in all 3 indicators.

Japanese stocks and depreciation of yen in 2023 are boosted by rising - will they maintain their upward momentum due to purchases from overseas players
If overseas investors become even more bullish in 2024, there is a possibility that the rise in Japanese stocks will gain further momentum. In 23, both the TSE stock price index (TOPIX) and the Nikkei Stock Average hit highs for the first time in 33 years. Both year-on-year rates of increase have exceeded 20%, surpassing the performance of many Asian stocks.

The Japanese foreign stock market in '24 preferred “no exchange rate hedging”
What was a hot topic among market participants was the “decline in status” of the Japanese economy. According to the annual estimate of the national economic calculation announced by the Cabinet Office on the 25th, Japan's nominal gross domestic product (GDP) per capita in 2022, which is a guideline for affluence, was surpassed by Italy and was the lowest among the 7 major countries (G7).

Improvement orders to 4 non-life insurance companies such as the Financial Services Agency and Tokio Marine - due to pre-adjustment issues with insurance premiums
The Financial Services Agency announced on the 26th regarding advance adjustment issues for corporate insurance premiums $Tokio Marine Holdings(8766.JP)$Business improvement orders based on the Insurance Business Act were issued to the four major non-life insurance companies, such as Tokio Marine & Nichido Fire Insurance, which are under its umbrella. Finance Minister Suzuki Shunichi made it clear at the press conference after the cabinet meeting on the same day.

Notable stocks
LINE Yahoo - backstage plus conversion is reported that Cathy Wood bought the company's stock
$LY(4689.JP)$There was a positive change in the backfield. US Bloomberg News Agency reported around 12:31 on the 26th that Kathy Wood purchased shares of Yahoo Japan and the company that operates LINE last week.

Daiwa House - 3 days of continuous growth, stores are also wooden and “non-residential” 300 billion yen in 10 years = Nikkei
$Daiwa House Industry(1925.JP)$continued to increase for 3 days. The morning edition of the Nihon Keizai Shimbun dated 26th reported that the company will start full-scale development of wooden stores and offices from 2024.

Kirin HD - Solid Kirin Breweries Purchases at All Kirin Breweries Plants and Sales Locations to 100% Renewable Energy
$Kirin Holdings(2503.JP)$It's solid. The company announced on the 25th that the group company Kirin Breweries will convert the electricity purchased at all plants and sales locations to 100% renewable energy from 2024/1.

Distribution sources: Nihon Keizai Shimbun, Bloomberg, Trader's Web, Reuters