Tokyo Market Summary: The Nikkei Average is over 1000 yen higher than the business day before the sudden rebound

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●The Nikkei Stock Average ended at 39740.44 yen, 1032.80 yen higher than the previous business day
● Will the cancellation of negative interest rates raise interest rates for the first time in 17 years, or an impact on ETFs held by the Bank of Japan equivalent to 7% of Japanese stocks
● Japanese companies have a strong presence in overseas M&A, against the background of low interest rates and shareholder pressure
● The view that bonds have risen and that the Bank of Japan will continue to take a dovish stance even after negative interest rates are lifted
● Attention to the handle: $Fujitsu(6702.JP)$、 $SAKURA Internet(3778.JP)$etc
-MooMoo News Japan Stock Zeber

Market Overview
Today's Nikkei Stock Average ended at 39740.44 yen, 1032.80 yen higher than the previous business day, and the Tokyo Stock Price Index (TOPIX) ended at 2721.99, 51.19 points higher than the previous business day.

Top news
[Bank of Japan Decision Meeting Preview] Will the cancellation of negative interest rates raise interest rates for the first time in 17 years, or will there be an impact on ETFs held by the Bank of Japan equivalent to 7% of Japanese stocks
The Bank of Japan will hold a monetary policy meeting from the 18th to the 19th. The details of the decision will be announced around noon on the 19th, and a press conference by President Ueda Kazuo is expected to be held in the afternoon.

Conditions for maintaining high levels of Japanese stocks, and requests for transaction extensions asked from European investors
After the Nikkei Stock Average surpassed 40,000 yen for the first time, adjustments came out. Among European Japanese stock investors with large overpurchases by region, the assumption that asset owners' investment attitude in Japanese stocks is still “underweight (bearish)” stands out. Issues such as extending the trading hours of the Tokyo Stock Exchange and expanding investigations on small and medium-sized stocks were pointed out in order to maintain stock appreciation. (Interviewer: London = Onishi Kohei)

The view is that bonds have risen and that the Bank of Japan will continue to take a dovish stance even after negative interest rates are lifted
The bond exchange rate rose on the 18th. The fact that the Bank of Japan will move to normalize monetary policy, such as the cancellation of negative interest rates, at the monetary policy meeting on the 19th has already been factored in, and it is being bought from the view that it will continue a cautious dovish stance on additional interest rate hikes even after cancellation.

Japanese companies have a strong presence in overseas M&A, against the background of low interest rates and shareholder pressure
M&A (mergers and acquisitions) of overseas companies by Japanese companies is becoming more active. The trend of transferring surplus funds overseas with high growth potential has accelerated, and the total amount since the beginning of the year remained at a high level for the first time in 5 years. Experience as a buyer has also accumulated, and it has increased its global presence in the M&A market.

Even if wages were raised due to the Spring Battle, the cabinet approval rating, which is sluggish due to political funding issues, is a hindrance to the economy
The wage increase rate for the Spring Battle was over 5%, a high level for the first time in 33 years, but the approval rating for the Kishida Fumio Cabinet remained in the 10-20% range even in weekend opinion polls. The Liberal Democratic Party's criticism of the political funding issue has not subsided, and there are also indications from market participants that the sluggish cabinet support ratio itself is a hindrance to the economy.

Pay attention to the handle
Fujitsu - Continued Expansion of Global Partnership with AWS
$Fujitsu(6702.JP)$It continues to grow. On the 18th, the company agreed with Amazon Web Services (hereinafter, AWS) to expand a global partnership to accelerate modernization of legacy systems, and announced that it will begin efforts on 2024/4/1 as a “Modernization Joint Acceleration Initiative.”

Sakura Net lifts temporary measures related to margin trading
$SAKURA Internet(3778.JP)$It continued to grow rapidly, and it was bought at a stop high of 7140 yen. After the end of trading on March 15, the Tokyo Stock Exchange announced that it will lift temporary measures for margin transactions where the contract deposit rate relating to new sales and purchases through margin transactions is 50% or more (of which 20% or more in cash) will be lifted from trading on the 18th. Also, Japan Securities Finance has announced that it will lift additional security deposit collection measures by brand relating to loan transaction self transactions and liquidation intermediary loan transaction self transactions for each non-liquidation participant from the 18th, and it seems that purchases are flowing in due to speculation that inflow of short-term funds will become active again due to a decrease in transaction burdens.

TIS continues to grow for 3 days, and earnings are expected to contribute by expanding generative AI introduction support services
$TIS(3626.JP)$It continued to grow for 3 days. On the 18th, it was announced that the company and Miopiao Analytics (Koto-ku, Tokyo), which is a consulting firm specializing in data analysis, will install additional functions and provide generative AI introduction support services. It seems that purchases were made in anticipation of future earnings contributions. A “generative AI platform” capable of constructing a generative AI usage environment in a short period of time will be added to the service, and as a first step, provision of knowledge search functions that are in high demand from companies considering implementation will begin. In the future, it is planned to develop various AI generation functions, such as image generation and automatic creation functions for meeting minutes, on the same platform.