[Correction] Nikkei Average Continued Growth Starts in the 151 yen range of yen against the dollar, Kanda Treasurer said that excessive fluctuations were handled by all means
![[Correction] Nikkei Average Continued Growth Starts in the 151 yen range of yen against the dollar, Kanda Treasurer said that excessive fluctuations were handle...](https://sgsnsimg.moomoo.com/feed_image/181569713/2767cc5963fd3ac39d5fa40f600aedac.png/bigmoo)
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Here's an overview of this morning's turnaround. Thank you in advance.
Market Overview
The Nikkei Stock Average started at 31311.22 yen, 452.37 yen higher than the previous business day in the Tokyo stock market today, and 2285.84, which is 32.12 points higher than the previous business day.
Market Overview
The Nikkei Stock Average started at 31311.22 yen, 452.37 yen higher than the previous business day in the Tokyo stock market today, and 2285.84, which is 32.12 points higher than the previous business day.
![[Correction] Nikkei Average Continued Growth Starts in the 151 yen range of yen against the dollar, Kanda Treasurer said that excessive fluctuations were handle...](https://sgsnsimg.moomoo.com/feed_image/181569713/86d4424ba0f5362fb39cde9fc3ab7f2b.png/bigmoo)
Top news
Respond to excessive fluctuations by all means, in the range of 1 dollar = 151 yen - Kanda Finance Officer
Finance Officer Kanda Masato stated on the 1st that “we will respond to excessive fluctuations by all means,” after being concerned about one-sided and rapid movements in response to the fact that the exchange rate hit a year-to-date low in the latter half of the 1 dollar = 151 yen range. I told reporters within the Ministry of Finance.
The rise in US interest rates by the Bank of Japan that buried interest rate manipulation is a strange thing
The Bank of Japan has further made long and short interest rate operations (yield curve control, YCC), which keeps long-term interest rates low. The unexpected rise in US long-term interest rates also spread to domestic interest rates, and they were forced to revise again just 3 months after the previous revision. However, if you change the way you look at it, it is also possible to interpret that preparations for the “long-term interest rate of 1%,” which will always pass if the exit approaches smoothly, were completed quickly with the help of rising US interest rates.
Yen bears gain momentum after the Bank of Japan meeting - is it a development to search for acceptable levels by the Japanese authorities
Traders are trying to test how far the depreciation of the yen will be tolerated before the Japanese authorities intervene again in the exchange market, and are constructing new yen selling positions.
July-September GDP, private sector forecast 0.7% decline, consumption weak, negative for the first time in 4 fiscal years
There is a possibility that the Japanese economy for the July-September period was at a standstill. The gross domestic product (GDP) forecasts of private economists compiled by Nikkei Inc. fell 0.7% per annum from the previous fiscal year, resulting in negative growth for the first time in 4 quarters.
Toyota - Buying Promises Additional Investment of 1.2 Trillion Yen in US Battery Plants
$Toyota Motor(7203.JP$There is a sign that they will buy it. The company announced on 10/31 that it will make an additional investment of about 8 billion dollars (about 1.2 trillion yen) in a battery factory in North Carolina, USA, and will hire about 3,000 new people.
Respond to excessive fluctuations by all means, in the range of 1 dollar = 151 yen - Kanda Finance Officer
Finance Officer Kanda Masato stated on the 1st that “we will respond to excessive fluctuations by all means,” after being concerned about one-sided and rapid movements in response to the fact that the exchange rate hit a year-to-date low in the latter half of the 1 dollar = 151 yen range. I told reporters within the Ministry of Finance.
The rise in US interest rates by the Bank of Japan that buried interest rate manipulation is a strange thing
The Bank of Japan has further made long and short interest rate operations (yield curve control, YCC), which keeps long-term interest rates low. The unexpected rise in US long-term interest rates also spread to domestic interest rates, and they were forced to revise again just 3 months after the previous revision. However, if you change the way you look at it, it is also possible to interpret that preparations for the “long-term interest rate of 1%,” which will always pass if the exit approaches smoothly, were completed quickly with the help of rising US interest rates.
Yen bears gain momentum after the Bank of Japan meeting - is it a development to search for acceptable levels by the Japanese authorities
Traders are trying to test how far the depreciation of the yen will be tolerated before the Japanese authorities intervene again in the exchange market, and are constructing new yen selling positions.
July-September GDP, private sector forecast 0.7% decline, consumption weak, negative for the first time in 4 fiscal years
There is a possibility that the Japanese economy for the July-September period was at a standstill. The gross domestic product (GDP) forecasts of private economists compiled by Nikkei Inc. fell 0.7% per annum from the previous fiscal year, resulting in negative growth for the first time in 4 quarters.
Toyota - Buying Promises Additional Investment of 1.2 Trillion Yen in US Battery Plants
$Toyota Motor(7203.JP$There is a sign that they will buy it. The company announced on 10/31 that it will make an additional investment of about 8 billion dollars (about 1.2 trillion yen) in a battery factory in North Carolina, USA, and will hire about 3,000 new people.
Mitsubishi Electric started showing signs of success, air conditioning and home appliances led the way, and they liked the final 60% increase in profit for the April-September fiscal year
$Mitsubishi Electric(6503.JP$There is a development where close buy orders are concentrated and stock price levels are raised at indicative prices. Final profit for the first half of the fiscal year ending 2014/3 (fiscal year ending 23/4/9) announced by the company at the end of trading on the 31st rapidly expanded to 120,228 million yen, up 61% from the same period last year.
$Mitsubishi Electric(6503.JP$There is a development where close buy orders are concentrated and stock price levels are raised at indicative prices. Final profit for the first half of the fiscal year ending 2014/3 (fiscal year ending 23/4/9) announced by the company at the end of trading on the 31st rapidly expanded to 120,228 million yen, up 61% from the same period last year.
Advantest - likely selling, final profit for the full year revised downward, down 64% in the first half
$Advantest(6857.JP$There is a sign that it will sell. The company announced on 10/31 that it will lower its consolidated net profit forecast (IFRS) for the full fiscal year 243 to 60 billion yen (down 54.0% from the previous fiscal year) from the previous 78 billion yen.
$Advantest(6857.JP$There is a sign that it will sell. The company announced on 10/31 that it will lower its consolidated net profit forecast (IFRS) for the full fiscal year 243 to 60 billion yen (down 54.0% from the previous fiscal year) from the previous 78 billion yen.
Murata started showing signs of success, revised the estimated rate in the direction of yen depreciation, and raised the full-year final profit forecast
$Murata Manufacturing(6981.JP$There is a sign that Kai is starting. After trading ended on the 31st, the full-year earnings forecast was reviewed in line with the consolidated financial results announcement for the 2nd quarter (April-September) of the fiscal year ending 2014/3. The forecast for final profit was raised from 164 billion yen to 225 billion yen (down 7.8% from the previous fiscal year), and it seems that purchases were made that were favorable to this.
$Murata Manufacturing(6981.JP$There is a sign that Kai is starting. After trading ended on the 31st, the full-year earnings forecast was reviewed in line with the consolidated financial results announcement for the 2nd quarter (April-September) of the fiscal year ending 2014/3. The forecast for final profit was raised from 164 billion yen to 225 billion yen (down 7.8% from the previous fiscal year), and it seems that purchases were made that were favorable to this.
The final profit for the full year of JAL was revised upward, and a surplus conversion and dividend increase in the first half was also announced
$Japan Airlines(9201.JP$they fight each other. The company announced on 10/31 that it will revise its consolidated net profit forecast (IFRS) for the full fiscal year 243 to 80 billion yen (up 59.8% from the previous fiscal year) from the previous 55 billion yen, and the annual dividend forecast upward from 40 yen to 60 yen (25 yen for the previous fiscal year). The market consensus is 87.4 billion yen.
$Japan Airlines(9201.JP$they fight each other. The company announced on 10/31 that it will revise its consolidated net profit forecast (IFRS) for the full fiscal year 243 to 80 billion yen (up 59.8% from the previous fiscal year) from the previous 55 billion yen, and the annual dividend forecast upward from 40 yen to 60 yen (25 yen for the previous fiscal year). The market consensus is 87.4 billion yen.
Softbank developed one of the largest generative AI in Japan in '24
$SoftBank Group(9984.JP$Domestic telecommunications subsidiary of (SBG) $SoftBank(9434.JP$It was announced on the 31st that it will develop its own generative AI (artificial intelligence) within 2024. The number of parameters that serve as indicators of performance is expected to be 350 billion, making it one of the largest in Japan. It will be generative AI that specializes in Japanese, and we aim to start providing it to research institutions such as companies and universities at an early stage.
ー MooMoo News Evelyn
Distribution source: Nihon Keizai Shimbun, Bloomberg, Traders Web, MINKABU
$SoftBank Group(9984.JP$Domestic telecommunications subsidiary of (SBG) $SoftBank(9434.JP$It was announced on the 31st that it will develop its own generative AI (artificial intelligence) within 2024. The number of parameters that serve as indicators of performance is expected to be 350 billion, making it one of the largest in Japan. It will be generative AI that specializes in Japanese, and we aim to start providing it to research institutions such as companies and universities at an early stage.
ー MooMoo News Evelyn
Distribution source: Nihon Keizai Shimbun, Bloomberg, Traders Web, MINKABU
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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しんたけ : Continued decline??? The headline is wrong.
183262342 : Continued fall starts?
numachi : Isn't the title “Continued Fall” wrong?
183218507 : I'm surprised. It keeps falling, and I wouldn't mind if I made a mistake there
moomooニュース奈々 しんたけ: All Moomoo usersThank you very much for using moomoo every time. Thanks for pointing that out. We are very sorry for any inconvenience this may have caused. I will make the following corrections.(Wrong) Nikkei Average Continues to Fall → (Positive) Nikkei Average Continues to GrowWe will continue to make every effort to prevent such mistakes in the future, so we kindly ask for your forgiveness.
moomooニュース奈々 183262342: All Moomoo usersThank you very much for using moomoo every time. Thanks for pointing that out. We are very sorry for any inconvenience this may have caused. I will make the following corrections.(Wrong) Nikkei Average Continues to Fall → (Positive) Nikkei Average Continues to GrowWe will continue to make every effort to prevent such mistakes in the future, so we kindly ask for your forgiveness.
moomooニュース奈々 numachi: All Moomoo usersThank you very much for using moomoo every time. Thanks for pointing that out. We are very sorry for any inconvenience this may have caused. I will make the following corrections.(Wrong) Nikkei Average Continues to Fall → (Positive) Nikkei Average Continues to GrowWe will continue to make every effort to prevent such mistakes in the future, so we kindly ask for your forgiveness.
moomooニュース奈々 183218507: All Moomoo usersThank you very much for using moomoo every time. Thanks for pointing that out. We are very sorry for any inconvenience this may have caused. I will make the following corrections.(Wrong) Nikkei Average Continues to Fall → (Positive) Nikkei Average Continues to GrowWe will continue to make every effort to prevent such mistakes in the future, so we kindly ask for your forgiveness.