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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.
Denso, Mitsubishi UFJ, etc. [List of stock news from newspapers]
*Denso <6902> establishes new factory in Aichi, investing 70 billion yen to increase production of ECU boards (Nikkan Kogyo front page) - ○ *JFEHD <5411> JFE Steel acquires partial rights to Australian coal mine from Nippon Steel for 162 billion yen (Nikkan Kogyo page 3) - ○ *Mitsubishi UFJ <8306> Mitsubishi UFJ Bank makes additional investment of 49 billion yen in Indian digital financial services (Nikkan Kogyo page 3) - ○ *Tsubaki Chain <6371> Group's Nexaware streamlines logistics warehouse operations with data analysis services (Nikkan Kogyo page 3) - ○ *Den
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%.
Rating [security companies rating]
Upgrade - Bullish Code | Brand Name | Securities Company | Before Change | After Change | ------ | ----------- | ------------ | ----------------- | ------------- | <7203> | Toyota | Mito | "B+" | "A" | <4021> | Nissan Chemical | City | "hold" | "buy" | <4506>
SBI securities (pre-market) sell more Laser Tech, and buy more Toyota Motor.
Sell Code Stock Name Transaction Amount (6920) Laser Tech 38,894,894,530 (6146) Disco 33,584,967,440 (1570) NEXT FUNDS Nikkei 225 Leveraged Index Exchange Traded Fund 27,083,127,448 (7011)
Although political instability is increasing slightly, the rebound trend continues.
The Nikkei Average has risen for 3 consecutive days. It closed trading at 36,442.43 yen, up 209.92 yen (with a trading volume estimate of 1.970 billion 70 million shares). In the morning, following the rise in US stocks on the previous day, buying began to lead, and the Nikkei Average rose to 36,683.89 yen shortly after the start of trading. However, the immediate sense of achievement was easily noticeable due to the filling of the steep drop on the fifth day the previous day, and profit-taking was easy after the one-time purchase. In addition, in the middle of the morning session, multiple domestic broadcasting reported that Kishida, the Prime Minister, would not run for the presidential election.
