Nikkei Average Updates to Record High, Amid Expectations for US Rate Cuts and Weaker Yen - Export-Related and Financial Stocks Gain
Nikkei Average Updates to Record High, Amid Expectations for US Rate Cuts and Weaker Yen - Export-Related and Financial Stocks Gain
However, the stock market's momentum faced temporary hurdles as the yen's decline halted following remarks by BOJ Governor Kazuo Ueda, who indicated in a parliamentary statement that the expected inflation rate is on a path towards reaching 2%, impacting the pace of gains in the stock index.
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On the 21st, the Tokyo stock market experienced a notable extension of its upward trend, with the Nikkei Stock Average reaching a new all-time high during the session. This surge in buying momentum was encouraged by the Federal Open Market Committee's (FOMC) decision to stick with its earlier projection of implementing three rate cuts in 2024.
21日，東京股市的上漲趨勢顯著延續，日經平均指數在該時段創下歷史新高。聯邦公開市場委員會（FOMC）決定堅持其先前關於在2024年實施三次降息的預測，這鼓勵了購買勢頭的激增。
The Bank of Japan's continued easing policy, even after the removal of negative interest rates, has contributed to a depreciation of the yen, benefiting export-driven sectors, particularly the automotive industry, along with semiconductor and financial sectors, including insurance and banking, all of which have seen their values rise.
即使取消了負利率，日本央行的持續寬鬆政策也導致了日元貶值，使出口驅動型行業，尤其是汽車行業，以及包括保險和銀行在內的半導體和金融行業受益，所有這些行業的價值均有所上漲。
However, the stock market's momentum faced temporary hurdles as the yen's decline halted following remarks by BOJ Governor Kazuo Ueda, who indicated in a parliamentary statement that the expected inflation rate is on a path towards reaching 2%, impacting the pace of gains in the stock index.
但是，日本央行行長上田和夫發表講話後，日元停止下跌，股市的勢頭面臨暫時的障礙。上田和夫在一份議會聲明中表示，預期的通貨膨脹率有望達到2％，這影響了股指的上漲步伐。
The depreciation of the yen to the 151 level has spurred interest in export-oriented stocks, driven by Japan's low-interest-rate policy aimed at combating negative real wages and supporting economic growth. Market experts like Naoki Fujiwara of Shinkin Asset Management and Takashi Ito of Nomura Securities anticipate this monetary stance to continue benefiting Japanese equities, especially with the Bank of Japan's (BoJ) reluctance to implement sudden interest rate hikes. This view is reinforced by the Federal Open Market Committee's (FOMC) recent economic outlook upgrade, which left the crucial interest rate projections largely unchanged, easing market anxieties.
在日本旨在打擊負實際工資和支持經濟增長的低利率政策的推動下，日元貶值至151水平刺激了人們對出口導向型股票的興趣。信金資產管理公司的藤原直樹和野村證券的伊藤隆史等市場專家預計，這種貨幣立場將繼續使日本股市受益，尤其是在日本銀行（BoJ）不願實施突然加息的情況下。聯邦公開市場委員會（FOMC）最近的經濟前景升級強化了這一觀點，這使關鍵的利率預測基本保持不變，緩解了市場的焦慮。
On the Tokyo Stock Exchange, a majority of sectors have experienced growth, led notably by the Pulp & Paper industry, while Marine Transportation saw a decline. The broader market trends show a promising upswing, with the TOPIX index up by 18% year-to-date and the MSCI Asia Pacific Index increasing by 5%. This positive sentiment is reflected in the valuation of TOPIX constituents, which are currently trading at 16 times their expected earnings for the next year, indicating robust investor confidence in the resilience and growth potential of Japanese stocks.
在東京證券交易所，大多數板塊都出現了增長，主要是紙漿和造紙行業帶動，而海運則出現了下滑。總體市場趨勢顯示出令人鼓舞的上升趨勢，東證指數今年迄今上漲了18％，摩根士丹利資本國際亞太指數上漲了5％。這種積極情緒反映在東證成分股的估值上，東證成分股目前的交易價格是明年預期收益的16倍，這表明投資者對日本股票的彈性和增長潛力充滿信心。