Downgrade of the U.S. economic growth outlook amid increasing uncertainty - Economist survey.March 29, 2025, 1:25 JST.
The GDP growth rate forecast for 2025 is 2%, down from 2.3% in last month's survey.
The Financial Estimates for the PCE price index is 2.8%, revised upwards from the previous estimate of 2.5%.
Economists have revised down their forecasts for U.S. economic growth this year. With increasing uncertainty due to the changing trade policies of the Trump administration, personal consumption is expected to soften, and capital investment is anticipated to become even more limited.
According to the latest economist survey conducted by Vroom, the forecast for the GDP growth rate in 2025 has been set at 2%, down from 2.3% in last month's survey. The forecast for growth in the first quarter has been lowered by one percentage point to 1.2%.
On the other hand, the inflation rate is expected to remain above the U.S. financial authorities' target of 2%, with the forecast for the core personal consumption expenditure (PCE) price index at the end of the year at 2.8%, surpassing the previous forecast of 2.5%. The Federal Open Market Committee (FOMC) decided to keep the policy interest rate unchanged for two consecutive meetings during its regular meeting held on the 18th and 19th, while also lowering its growth rate forecast and addressing inflation.

$Alt (260A.JP)$ Orts is an attractive stock that is currently growing with a focus on AI meeting minutes (AI GIJIROKU). It responds to a clear market need for meeting minute automation and has achieved a certain level of results.
On the other hand, a large portion of the sales depends on this product, and caution is needed regarding the limited diversity of the product and the revenue pillars.
The PAI (Personal Artificial Intelligence) touted as a future growth driver is indeed a futuristic and interesting concept, but at this point, it remains more of a conceptual idea and dream rather than a reality. The roadmap for monetization and the implementation of specific use cases are vague, leading to high uncertainty for commercial success.
Furthermore, there is a skeptical view about the very concept of "personal Artificial Intelligence (AI)".
There is a fundamental question of whether what is really needed is an excellent human-like clone, while the demand for AI that mimics average individuals may be limited.

Real estate stocks that have been sluggish until now are suddenly becoming more vibrant.The rise in land prices, particularly in metropolitan areas.In addition, the Bank of Japan's policy interest rate hikes are progressing.The excessive caution against rising interest rates has been alleviated.These factors are part of the background.
$Mitsubishi Estate (8802.JP)$and $Mitsui Fudosan (8801.JP)$Although major developer stocks are also rising, they have recently surged against the backdrop of good performance.Among the stocks that have recently soared to new all-time highs, there are several common points.The keywords are, Metro Area Concentration Strategy.・Value-up (renovation) of used properties.・Sales targeting (investment) for foreigners.In the Real Estate Investment business,Population declineandDepopulation in rural areas、Rising construction costs associated with the increase in material and labor costs.、A decline in "actual demand" in prime locations due to rising property prices.There are concerns directly linked to social issues.Reducing the risk of deteriorating performance due to these concerns.Lead tocreating room for growth.The three keywords pertain to one of the concerns.
Any of the three keywords apply.Recently updated or approached the 52-week high.AndStocks that are expected to grow in the future.Pick up....

【Market Overview Japan】Nikkei average fell below 37,000 yen, economic concerns over tariffs - Bond prices rose and the yen strengthened.March 28, 2025 16:05 JST (Excerpt)
On the 28th, the Japanese market saw a significant decline in Stocks, with the Nikkei Average finishing at its lowest point in two weeks. Investor sentiment worsened following President Trump's announcement of auto tariffs. Safe-haven assets, considered Bonds, were bought, and the exchange rate rose with the yen at around 150 yen per dollar.
The impact of President Trump's announcement on auto tariffs continued, resulting in a significant drop in Stocks even when considering the effects of Dividend rights expiration at the end of March. According to Vroom data, today's rights expiration is estimated to be about 30.52 points for the Tokyo Stock Price Index (TOPIX) and approximately 308 yen for the Nikkei Average.
[Market Overview] Stocks: The Nikkei average continues to decline significantly, with ongoing concerns over Trump's high tariff policy.
The Nikkei average has significantly declined, with ongoing concerns over Trump's high tariff policy.
In the Tokyo stock market, the Nikkei average ended trading down 679.64 yen from the previous business day at 37,120.33 yen, continuing to decline significantly. Concerns over the high tariff policy by USA President Trump persist, leading to widespread selling, particularly in auto stocks, which saw a temporary drop compared to the previous business day.

Tokyo stock market - before closing = continued decline, caution over USA tariffs persists, supply and demand support has circulated.March 28, 2025, 11:54 AM GMT+9 (excerpt).
In the morning session of the Tokyo stock market, the Nikkei average continued to decline, down by 788.31 yen from the previous business day at 37,011.66 yen. Amid ongoing caution regarding President Trump's tariff policies and concerns about demand for Artificial Intelligence (AI), the supply and demand support at the fiscal year-end has circulated, leading to increased selling. It temporarily fell below the psychological level of 37,000 yen for the first time in two weeks. Considering the dividend reduction, it is effectively about 480 yen down.
The Nikkei average opened down by 442 yen and gradually expanded its losses, dropping to as low as 3,6961.80, a decline of 838 yen at one point. The supply and demand support related to year-end dividend reinvestment and dividend rights has circulated, resulting in dominant selling pressure. Voices in the market noted, "There were supply and demand factors associated with the change of the year, which resulted in a decline greater than expected." (Takuro Hayashi, head of the investment information center at Iwai Cosmo Securities).
Automotive stocks, expected to be impacted by the activation of auto tariffs on April 3, were generally weak, and the datacenter plans in the USA and Europe also affected the situation...

The USA is in "a fog with zero visibility," and the Fed's policy is appropriate = Richmond Fed President.March 28, 2025, 6:23 AM GMT+9.
Richmond Fed President Barkin stated on the 27th that the current monetary policy of the Federal Reserve (Fed) is "moderately tightening" and is suitable for the environment of greatly increased uncertainty due to the rapid policy changes of the Trump administration.
President Trump announced on the 26th that a 25% additional tariff would be imposed on imported Autos. Barkin mentioned in a speech at Washington and Lee Universities that "the impact on prices can be expected to widen."
However, without directly referencing the potential impact of Mr. Trump's tariff measures, it was pointed out that "nobody knows what the final level of tariffs will be, how the affected countries, businesses, and consumers will respond." It was described as a situation where "a thick fog is descending," stating that it is not just a type of fog that makes predictions difficult, but a type of fog that renders visibility to zero, requiring vehicles to pull over and "turn on hazard lights."
However, without directly referencing the potential impact of Mr. Trump's tariff measures, it was pointed out that "nobody knows what the final levels of tariffs will be..."