Tokyo Market Summary: Nikkei Average closes down 539 yen, with yen up 1% against the dollar, the first time in the 140-yen range since January due to comments from Bank of Japan policy board members and stock market decline.

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The Nikkei average closed at 35,619.77 yen, down 539.39 yen from the previous trading day.
The yen rose 1% against the dollar, reaching the 140 yen level for the first time since January, influenced by statements from Bank of Japan deliberative board members and stock market declines.
If the outlook materializes, the Bank of Japan board member Nakagawa states that they will adjust the degree of easing.
Seven & i Holdings continues to decline, with reports that US authorities intend to investigate the acquisition plan by Kushtaar.
Nippon Steel is trending soft, with reports of the vice chairman holding discussions with senior US government officials regarding the acquisition of US Steel.
Hot stocks: $Seven & i Holdings (3382.JP)$、 $Nippon Steel (5401.JP)$、 $Lasertec (6920.JP)$
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Market Overview
In today's Tokyo stock market, the Nikkei average stock price closed at 35,619.77 yen, down 539.39 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) closed at 2530.67, down 45.87 points.

Top news
The yen rose 1% against the dollar, reaching the 140 yen level for the first time since January due to statements from Bank of Japan policy board members and a decline in stock prices.
On the 11th, the yen exchange rate in the Tokyo foreign exchange market rose by 1% against the dollar, reaching the 140 yen level for the first time in about 8 months. The acceleration of yen buying was driven by the remarks of Junko Nakagawa, a Bank of Japan (BOJ) board member, and the decline of Japanese stocks. The yen exchange rate temporarily reached a high of 140.91 yen, up 1.1% from the previous day, the highest level since January 2.

If the outlook materializes, we will adjust the degree of easing - Junko Nakagawa, BOJ board member
On the 11th, Bank of Japan board member Junko Nakagawa stated in a speech at the Akita Prefecture Financial and Economic Forum that adjustments in the degree of easing for future monetary policy operations by the BOJ will depend on the realization of their economic and price outlook, taking into account the impact of financial market fluctuations.

Unstoppable outflow of funds, exceeding overseas investment at the highest pace ever = Yutaka Sasaki, Economist
Japan's current account surplus in July reached 3.2 trillion yen, the highest surplus amount ever recorded for the month of July. However, much of this surplus is attributed to the continued surplus in primary income, which hit a record 4.4 trillion yen in July, the highest monthly surplus to date. As commonly pointed out, a significant portion of this primary income surplus is believed to be reinvested overseas and is not returning to Japan, suggesting that the surplus may not be a contributing factor to the strengthening of the yen.

Hot stocks
Seven & I Holdings continues to decline amid reports of U.S. authorities intending to investigate the acquisition plan by Couche-Tard.
$Seven & i Holdings (3382.JP)$Continues to decline. Reuters reported on the 10th that the U.S. Federal Trade Commission (FTC) notified Seven & I Holdings of its intention to investigate the acquisition plan of Seven & I Holdings by Canadian retail giant Alimentation Couche-Tard.

Nippon Steel is showing a soft trend, and it is reported that the Vice-Chairman is in discussions with senior U.S. government officials regarding the acquisition of US Steel.
$Nippon Steel (5401.JP)$is showing a soft trend. The Financial Times (FT) reported on the 10th that $United States Steel (X.US)$the Vice-Chairman of Nippon Steel, responsible for the acquisition negotiations, is scheduled to hold discussions with senior U.S. government officials in Washington on the 11th.

Laser Tech's new president, enthusiastic about sustaining double-digit growth surpassing the semiconductor market's growth rate.
Tetsuya Sendo, who assumed office in July as the president of a semiconductor inspection equipment manufacturer, $Lasertec (6920.JP)$expressed his enthusiasm for sustaining a growth rate of more than double digits that exceeds the semiconductor market for the future revenue of the company.

Source: Bloomberg, MINKABU, Reuters