Tokyo market summary: The Nikkei Average fell for the third consecutive day, with Hussein from T. Rowe Price who accurately predicted the yen shock forecasting its comeback.

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The Nikkei Average closed at 38,686.31 yen, down 14.56 yen from the previous trading day.
Financial estimates predict the recurrence of the yen shock - Hussein, who successfully predicted it.
There is no room for using foreign regulations for defensive purposes = Ministry of Finance officials.
PIMCO's aware of the Bank of Japan's interest rate hike in the new year - taking an aggressive approach to investing in super-long-term government bonds.
NTT Data - significant continued growth, with U.S. securities upgrading their expectations of a significant increase in profits for next year.
●Hot Stocks: $NTT Data Group (9613.JP)$、 $Meiji Holdings (2269.JP)$
- moomoo News Japan Stocks Evelyn

Market Overview
The Nikkei Average Stock Price on the Tokyo Stock Market today closed at 38,686.31 yen, down 14.56 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) closed at 2,733.27, up 17.28 points.

Top News
Predicting the recurrence of the yen shock - Arif Hussein of T. Rowe Price accurately predicted it.
Alif Hussein, head of the bond division at T. Rowe Price, warned early last year about rising interest rates in Japan, describing it as a "San Andreas Fault" that could cause a major earthquake in the global financial world.

PIMCO's Mr. Kakuchi anticipates that the Bank of Japan will raise interest rates at the beginning of the year - actively preparing to invest in ultra-long-term government bonds.
Pacific Investment Management (PIMCO), a major player in US bond management, anticipates that the Bank of Japan will embark on further interest rate hikes at the beginning of the year. They are poised to actively invest in ultra-long-term government bonds, taking into account potential changes in future monetary policies and supply-demand deterioration.

There is no room to use foreign regulations for the purpose of defensive acquisitions, according to a senior official at the Ministry of Finance.
Regarding the "Foreign Exchange and Foreign Trade Law (Foreign Exchange Law)" which regulates investment by foreign investors in Japanese companies, a senior official at the Ministry of Finance denied the possibility of it being arbitrarily used for defensive purposes. The procedures and content of the pre-examination for acquiring the management rights of domestic companies will not change depending on whether the designated industry of the target company is a "core industry" or not.

Hot stocks
NTT Data - significantly extended, US securities upgraded the expectation of a substantial increase in earnings for the coming year remains unchanged.
$NTT Data Group (9613.JP)$Significantly extended. Morgan Stanley MUFG Securities upgraded its investment rating from "equal weight" to "overweight" and raised its target stock price from 2600 yen to 2900 yen.

Meiji HD rebounds for the third consecutive day, raising the price of infant formula and powdered protein from October 1st.
$Meiji Holdings (2269.JP)$Rebounding for the third consecutive day. On this day, it announced an increase in the shipment price of infant formula and sports nutrition (powdered protein) from October 1st, which is considered to be positive news.