Tokyo Market Summary: The Nikkei Average rose by 103.94 yen, and TOPIX also ended 0.75 points higher

Top news
The yield on successful ten-year bonds reached the Bank of Japan's upper limit of 0.5%
In the 10-year government bond bidding carried out by the Ministry of Finance on the 5th, the highest bid yield was 0.5%, reaching a level where the Bank of Japan set the upper limit of the fluctuation range in 2022/12. High level for the first time in seven and a half years since 15/7. Since the Bank of Japan moved to revise monetary policy at an unexpected timing at the end of last year, there is a growing sense of caution among market participants against further upward interest rate pressure. While observations of rising government bond yields (falling prices) intensified, movements to bid at high prices were limited.

Fund supply volume, first decline in 16 years = end of '22, first under Governor Kuroda - BOJ
The Bank of Japan announced on the 5th that the balance of the monetary base (fund supply volume) at the end of 2022/12, which indicates the sum of cash circulating in the market and current accounts deposited with the Bank of Japan by financial institutions, was 632 trillion 407.1 billion yen, down 5.6% from the end of the previous year. It was the first time in 16 years since the end of 06/12 that the year-end balance broke through the previous year, and it was the first time since 13, when Governor Kuroda Haruhiko took office.

Sony Honda to launch EV “AFEEELA” in spring '26
The Sony Group announced on the 4th that the brand name for electric vehicles (EVs), which will begin accepting orders in 2025 through a joint investment company with Honda, will be “AFEELA (AFEELA).” It was revealed at the press conference prior to the world's largest technology trade fair “CES,” which opens on the 5th. Sony G established “Sony Honda Mobility” through a split investment with Honda. We will begin accepting orders for EVs in the first half of '25 through the company. Delivery of cars is scheduled to begin in North America in the spring of '26 and in Japan in the latter half of the same year, respectively.

Notable stocks
Matsuya rebounded drastically and liked the strong monthly trend in December
$Matsuya(8237.JP)$: Matsuya had a major backlash. The monthly bulletin for December was announced the day before. Sales at the Ginza head office increased 29.9% from the same month last year, and increased 25.5% in November. Cosmetics, luxury brands, jewelry, etc. have greatly expanded, and it seems that the category that is the strength of the Ginza store will drive the whole, centering on domestic customers centered on the wealthy. Also, it seems that duty-free sales are recovering rapidly, showing growth that exceeds sales for the same month 19 years before COVID-19.

Mercari saw a drastic backlash, spread of usage to local governments, etc. as favorable
$Mercari(4385.JP)$: Mercari made a sharp backlash. It is reported that local governments use the flea market app Mercari to sell furniture and leisure goods that can still be used from collected oversized garbage. There are also many municipalities where requests for collection of oversized garbage have increased in the wake of the novel coronavirus disaster, so it seems that disposal costs can be reduced by selling oversized garbage. Also, the remainder after fees have been paid becomes profit on the local government side. Movements that positively evaluate the spread of use to local governments also prevail.

Fujitsu rebounds for the first time in 3 days and develops world-class tracking technology
$Fujitsu(6702.JP)$: Fujitsu rebelled for the first time in 3 days. The company announced on the 5th that it has developed world-class tracking technology that can accurately capture the movement of many people regardless of walking speed. In tracking technology, when people move at high speed, there is no area where frames overlap with each other, so there is an issue where it is impossible to correlate that they are the same person. Regarding this, with the technology developed this time, the target area for capturing people is expanded to create overlapping regions, and by using a unique matching algorithm, it is possible to correlate that they are the same person.