The yen is at a 34-year low! Check out the list of stocks that will benefit now!

If you look at the 2023 net profit rankings of Japanese listed companies,The performance of Japan's top companies has a big relationship with overseas earningsI'm doing it. In particular, $Toyota Motor(TM.US)$The automobile industry, which is represented by, is expected to increase net profit in fiscal 2023 to reach 2.9 trillion yen, accounting for 60% of the net profit increase in Japanese stocks. In fiscal 2023, due to the depreciation of the yen, Toyota's depreciation is expected to raise profits of approximately 540 billion yen.

According to Morgan Stanley, in a scenario where the depreciation of the yen is prolonged and the US economy remains steady, the performance of Japanese companies is driven by external demand,Performance led by external demand exceeds that of Japanese domestic demand-related companiesI'm looking forward to it.

Meanwhile, Morgan StanleyIf the exchange rate of yen falls below 152 yenThe Japanese stock market has begun to underperform the US stock market, and it was emphasized that there is a possibility that it will adversely affect the Japanese stock market. Excessive depreciation of the yen has three major adverse effects on the stock market.

1. real economy(personal consumption, etc.)
2. Businesses and Households(The gap between export companies and domestic demand companies widens, which is particularly disadvantageous for small and medium-sized enterprises)
3. Decline in foreign investors' profit margins

Governor Ueda has already announced policies for gradual interest rate increases in response to the underlying rise in prices, future reduction in government bond purchases, and balance sheet contraction. It is necessary to pay attention to the impact of statements and outlook reports published after the meeting, and additional disclosures at the presidential conference on financial markets, starting with exchange rates.

Furthermore, on the same day that the Bank of Japan announced the resolution, the inflation index personal consumption expenditure (PCE) price index most preferred by the Federal Reserve will be announced in the United States.If PCE results exceed expectations, the Fed will delay the initial rate cut againmight。

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Related stocks
Electric devices: $Tokyo Electron(8035.JP)$、 $Hitachi(6501.JP)$、 $Murata Manufacturing(6981.JP)$、 $Mitsubishi Electric(6503.JP)$、 $Fujitsu(6702.JP)$、 $Canon(7751.JP)$、 $Advantest(6857.JP)$、 $Fanuc(6954.JP)$、 $Nidec(6594.JP)$、 $Panasonic Holdings(6752.JP)$、 $TDK(6762.JP)$、 $Kyocera(6971.JP)$、 $Minebea Mitsumi(6479.JP)$
machines: $Disco(6146.JP)$、 $Daikin Industries(6367.JP)$、 $SMC(6273.JP)$、 $Mitsubishi Heavy Industries(7011.JP)$、 $Komatsu(6301.JP)$、 $Kubota(6326.JP)$、 $Makita(6586.JP)$
Transportation equipment: $Toyota Motor(7203.JP)$、 $Honda Motor(7267.JP)$、 $Denso(6902.JP)$、 $Subaru Corp(7270.JP)$、 $Mazda Motor(7261.JP)$、 $Nissan Motor(7201.JP)$、 $Shimano(7309.JP)$、 $Yamaha Motor(7272.JP)$
Shipping industry: $Nippon Yusen Kabushiki Kaisha(9101.JP)$、 $Mitsui O.S.K. Lines(9104.JP)$、 $Kawasaki Kisen Kaisha(9107.JP)$
Precision instruments: $Hoya(7741.JP)$、 $Terumo(4543.JP)$、 $Olympus(7733.JP)$
Wholesale trade: $Mitsubishi(8058.JP)$、 $Sumitomo(8053.JP)$
Chemicals: $Shin-Etsu Chemical(4063.JP)$、 $Nitto Denko(6988.JP)$
Glass/earthenware products: $Niterra(5334.JP)$
Rubber products: $Bridgestone(5108.JP)$

Source: moomoo, Asahi Shimbun, Bloomberg
This article uses automatic translation for some parts
ー MooMoo News Evelyn