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Unfazed by the possibility of a repeat of "Black Monday," the Governor of the Bank of Japan is resolutely hawkish, still planning to raise interest rates.
Although the Japanese stock market just experienced a "Black Monday" crash earlier this month, the Bank of Japan's determination to raise interest rates does not seem to be shaken. On Friday, Bank of Japan Governor Kuroda Haruhiko stated during a parliamentary questioning session that if Japan's inflation and economic data continue to meet the central bank's expectations, the Bank of Japan will continue to raise interest rates.
The Japanese stock market soared nearly 9% in a single week, the largest increase in four years! Japanese investors are celebrating: the familiar feeling has returned.
According to market data, the Nikkei 225 index rose by 3.6% to 38,062.67 points on Friday, resulting in a stunning 8.7% increase for the week, marking the largest weekly gain since the beginning of the pandemic in April 2020. Meanwhile, the TOPIX index also rose 3% on the day and posted a weekly gain of approximately 8%.
VictoryShares International High Div Volatility Wtd ETF Declares Monthly Distribution of $0.1811
Japanese stocks plunged, "squeezing the bubble", is it time to buy low?
The market is betting on a rebound in Japanese stocks, with the growth rate of call options contracts for the Nikkei 225 index exceeding that of put options. The current expected PE ratio of the TOPIX index is 13 times, far lower than that of the US stock market. However, Japanese stocks still face the risk of a strengthening yen and further interest rate hikes by the Bank of Japan.
List of converted stocks (Part 2) [List of converted stocks for Parabolic Signal]
List of buy conversion stocks Market Code Stock name Closing price SAR Tokyo Prime <7762> Citizen 912 791 <7915> Nissha 1920 1423 <7952> Kawai Musical Instruments 2719 2455 <7974> Nintendo Co Ltd 7648 6520 <8088> Iwatani Sangyo 8336
Investment strategy for August 7th [Today].
[FISCO Featured Brand][Material Brand]Nippon Kayaku Co Ltd 4092¥2081 (8/6) Handles inorganic chemicals such as phosphorus products, silicates, barium salts, chromium salts, electronic materials, organic chemicals, agrochemicals, etc. The first quarter results have been announced. Operating profit was ¥1.688 billion (up 4.8 times from the same period last year). LCDs and semiconductors and communications, which were sluggish in the previous period, showed a gradual recovery, and price revisions contributed to earnings. Operating profit for the fiscal year ending March 2025 is expected to be ¥2.9 billion (up 28.1% from the previous year).