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Tokyo Market Summary: The Nikkei Average continues to rise, Bank of Japan Governor exchanges opinions with Prime Minister Kishida on the economic and financial situation, no exchange rate discussions

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moomooニュース日本株 wrote a column · Aug 22, 2023 01:12
Tokyo Market Summary: The Nikkei Average continues to rise, Bank of Japan Governor exchanges opinions with Prime Minister Kishida on the economic and financial ...
Hello Moomoo users!Thank you very much for your hard work. Today's stock price summary is as follows. Thank you in advance.
●The Nikkei Stock Average ended at 31856.71 yen, 291.07 yen higher than the previous business day
● No exchange of opinions on economic and financial situations with Prime Minister Kishida, no exchange rate discussions - Bank of Japan Governor
● Japan ratings will not change in 1-2 years, if Bank of Japan normalization is turbulent, risk - S&P
● NTT - First Backlash in 3 Days, Liberal Democratic Party Reviewing Restrictions on NTT Law Reform Review Competition = Nikkei
● Marubeni - Backlash Acquires Mexican Car Maintenance Company
● Attention to the handle: $Nippon Telegraph & Telephone(9432.JP)$ $Marubeni(8002.JP)$ $M3(2413.JP)$ $Mitsubishi UFJ Financial Group(8306.JP)$etc
ー Moo Moo News Japanese stock Evelyn

Market Overview
Today's Nikkei Stock Average ended at 31856.71 yen, 291.07 yen higher than the previous business day, and the Tokyo Stock Price Index (TOPIX) ended at 2265.71, 24.22 points higher.
Top news
Exchanging opinions with Prime Minister Kishida on the economic and financial situation, no exchange rate discussions - Bank of Japan Governor
Bank of Japan Governor Ueda Kazuo met with Prime Minister Kishida Fumio on the 22nd and revealed that they exchanged opinions on the economic and financial situation. After the talks ended, he spoke to the press corps at his official residence. Governor Ueda explained from the Prime Minister that “there were questions about various aspects of the economic and financial situation, and I answered them on my side.” Regarding discussions surrounding fluctuations in exchange rates, he said, “There is nothing in particular today.”

Japan's ratings will not change in 1 to 2 years, if Bank of Japan normalization is turbulent, risk - S&P
Kim Eng Tan, senior director of the rating agency S&P Global Ratings, evaluated the policy revisions made by the Bank of Japan in July as having not brought much shock or volatility to financial markets or the Japanese economy so far, and stated that the ratings of Japanese government bonds will not change for the next year or two.
Long-term interest rates temporarily 0.66%, high level for the first time in 9 years and 7 months, due to rising US interest rates
New 10-year government bond yields, which are indicators of long-term interest rates, rose (bond prices fell) in the domestic bond market on the 22nd, and temporarily set a high level of 0.66% for the first time in 9 years and 7 months since 2014/1. The trend where the US long-term interest rate temporarily set a high level since 07/11 at 4.35% in the US bond market on the 21st spread to Japan.

Notable stocks
NTT - First Backlash in 3 Days, Liberal Democratic Party Reviewing Restrictions on NTT Law Reform Review Competition = Nikkei
$Nippon Telegraph & Telephone(9432.JP)$rebelled for the first time in 3 days. The morning edition of the Nihon Keizai Shimbun dated 22nd reported that the Liberal Democratic Party will begin considering NTT law revisions. According to the article, it is because laws enacted in the 1980s are restricted when the company competes with major US companies such as “GAFA.” It seems that concrete measures will be compiled in the direction of mitigating factors that hinder international competitiveness, such as the obligation to disclose research results.

Marubeni - Backlash Acquires Mexican Car Maintenance Company
$Marubeni(8002.JP)$There was a backlash. The company announced on the 21st that it has made the Mexican car maintenance business company RADIAL LANTAS (hereinafter referred to as RL), which it invested in 2016, into a subsidiary. Additional shares of RL were acquired, and the investment ratio was raised from 49% to 80%.

M3 - acquires Anglo-American, which operates a falling doctor recruiting platform
$M3(2413.JP)$has declined. The company announced on the 21st that it has made Mesley (London), which operates an English doctor recruitment platform, a subsidiary. Mesley is developing services for doctors and recruitment agencies in the UK.

Bank stocks such as Mitsubishi UFJ are strong, and long-term US interest rates are at a high level since 2007, and upward pressure on domestic interest rates ◇
$Mitsubishi UFJ Financial Group(8306.JP)$rebelled for the first time in 3 days. $Sumitomo Mitsui Financial Group(8316.JP)$Ya $Mizuho Financial Group(8411.JP)$has been bought, and the banking industry is at the top in terms of the rate of increase in the industry-specific index of the Tokyo Stock Exchange. The 10-year bond yield, which is an indicator of long-term interest rates in the US bond market on the 21st, temporarily rose to 4.35%, setting a high level since 2007.

Adtest is drastically high and has recovered to the 19,000 yen level, and popularity has been rekindled as a leader related to generated AI ◇
$Advantest(6857.JP)$has risen drastically, and it has recovered to the 19,000 yen level since the 4th of this month. The company is a top manufacturer of semiconductor inspection equipment, and while its current performance is sluggish, expectations are high for a recovery in business performance from the next fiscal year onwards. Rice on the 23rd this week $NVIDIA(NVDA.US)$Financial results for the May-July fiscal year are being announced, but sales of GPUs (image processing semiconductors) with outstanding suitability are expected to grow drastically against the backdrop of the rapid expansion of the generative AI market.

Distribution source: Nihon Keizai Shimbun, Bloomberg, MINKABU, Traders Web
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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  • 181338057犬心久美子 : I don't want to talk too much about politics here, but I can see Ministry of Finance ❗👿💢 Kakumei looking at his complexion and looking down. The Prime Minister too.
    If you don't put a scalpel into the Ministry of Finance
    No matter how long it has passed, they continue to profess that “when the debt per citizen is converted, it becomes over 9 to 10 million.” What is the balance sheet for ⁉️ The government and country have debts,
    Citizens are everything ❗️ irrelevant things, Bank of Japan Ueda,
    Prime Minister Kishida should have said it properly.

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