Tokyo Market Summary: Nikkei Average Continues to Grow for 8 Days, Finance Officer Mentions Forbidden “Fundamentals”

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●The Nikkei Stock Average ended at 33241.02 yen, 204.26 yen higher than the previous business day
● Treasurer mentions prohibited “fundamentals” and the market is calm
● Continued mitigation to achieve the 2% price target, and flexible response is also necessary - Bank of Japan Committee Member Takada
● Toyota suspends all domestic plants in August due to system maintenance errors
● SoftBank G's Arm IPO highlights the difficulty of late-stage high-tech investment
● Attention to the handle: $SoftBank Group(9984.JP)$、 $Toyota Motor(7203.JP)$、 $FUJIFILM Holdings(4901.JP)$、 $Hitachi(6501.JP)$etc
ー Moo Moo News Japanese stock Evelyn

Market Overview
In today's Tokyo stock market, the Nikkei Stock Average ended at 33241.02 yen, 204.26 yen higher than the previous business day, and the TSE stock price index (TOPIX) ended at 2392.53, 14.68 points higher.

Top news
Treasurer mentions prohibited “fundamentals” and the market is calm
“There are movements that cannot be explained by fundamentals (basic economic conditions).” In the early morning of the 6th, the foreign exchange market was abuzz with a remark made by Treasurer Masato Kanda about the yen exchange rate. The recent depreciation of the yen and appreciation of the dollar are “fundamentals in the midst of fundamentals,” called the disparity in monetary policies between Japan and the US.

Continued mitigation is necessary to achieve the 2% price target, and flexible response is also necessary - Bank of Japan Committee Member Takada
On the 6th, deliberation committee member Takada Hajime of the Bank of Japan expressed the view that the buds for achieving the price stability target of 2% have finally come into view, and that monetary policy management will continue large-scale easing, and that it is also necessary to respond flexibly based on future economic and price developments.

SoftBank G's Arm IPO highlights the difficulty of late-stage high-tech investment
$SoftBank Group(9984.JP)$It seems that consolidated profits will be raised through the initial public offering (IPO) of the English semiconductor design company Arm Holdings, which is under its umbrella. That's great, but if SoftBank G had invested in index-linked funds and didn't do anything else, they could have made even more profit.

Notable stocks
Toyota suspends all domestic plants in August due to system maintenance errors
$Toyota Motor(7203.JP)$On the 6th, it was announced that a problem with the production instruction system that occurred in August was because some servers that perform parts order processing could not be used due to errors that occurred during system maintenance work. It was once again stated that it was not due to a cyber attack that had been feared.

Fujifilm HD continues to grow for 6 days and invests approximately 4.5 billion yen to increase Cheki Film's production facilities
$FUJIFILM Holdings(4901.JP)$continued to increase for 6 days. Fujifilm, which is under the umbrella of the company, announced on the 6th that it will invest approximately 4.5 billion yen on the Kanagawa Plant Ashigara site to increase production facilities for INSTAX “cheki” film (hereinafter, cheki film).

Hitachi, Ltd. continues to provide “Patent Information Analysis Service” for 5 days
$Hitachi(6501.JP)$It continued to increase for 5 days with no change in between. The company announced on the 6th that it has expanded the “Hitachi Intellectual Property Solution,” which has supported the investigation of global open patent documents and internal intellectual property management, and will now begin providing a new “patent information analysis service” from 10/10.

JFE rebelled, and financial announcements also had an influx of purchases due to a sense of affordability
$JFE Holdings(5411.JP)$There was a backlash. The company announced at 11:50 a.m. on the 5th that it will raise funds of approximately 21 billion yen by issuing overseas public offerings, treasury stock disposal, and euro yen convertible bonds (CB) type stock acquisition rights. The company's shares plummeted by over 6% on the 5th due to sales that were wary of dilution of profit per share due to finance, etc.

Mazda continues to grow rapidly, and major domestic securities are raised to a rating of “2.”
$Mazda Motor(7261.JP)$continued to grow rapidly. Daiwa Securities raised Mazda's rating from “3” to “2” on the 5th. The target stock price has been revised from 1300 yen to 1800 yen.

Distribution source: Nihon Keizai Shimbun, Bloomberg, Traders Web, MINKABU