This week's points
Are Japanese stocks turbulent this week? Market interests include the Rice Producer Price Index (PPI), the US Consumer Price Index (CPI), and US retail salesGathered in economic indicators. Currently, in response to economic indicators suggesting labor market relaxationExpectations for interest rate cuts are getting stronger again. If the price index also falls, the US interest rate cut scenario will strengthen, and US stocks are expected to rise, which will be positive for Japanese stocks. Meanwhile, a sense of caution against additional interest rate hikes by the Bank of Japan is smoldering, and even when stock prices fall due to strong US indicators, etc., there is speculation that the share buybacks announced during the financial season will now enter the implementation phase and support lower prices.
Domestically, in response to Bank of Japan Governor Ueda Kazuo's remarks in his lecture and the main opinions of the Bank of Japan meetings,Speculation about additional interest rate hikes lurks. Also, it is conspicuous that domestic companies' financial results for the fiscal year ending 2014/3 are generally strong up to this point,There are many companies that give cautious numbers when it comes to earnings forecasts for the current fiscal year、There are few views in the market that positive surprises are strong、Expectations as a catalyst for stock appreciation are scarce. It is regarded as a safe range, including shareholder returns, and “stock prices are...