Tokyo Market Summary: The Nikkei Average falls, the yen exchange rate in 2024 takes a dramatic U-turn, and the yen appreciates for the first time in 4 years due to a reversal in monetary policy

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●The Nikkei Average ended at 32758.98 yen, 211.57 yen lower than the previous business day
●The yen exchange rate in 2024 made a dramatic U-turn, and the yen appreciated for the first time in 4 years due to a reversal in monetary policy
● Is it OK to be at the window of an advanced country “take back 30 years” with the power of the people
● Real growth rate 1.5% for fiscal year 23 NEEDS forecast, private consumption is solid
● Due to developments where shipping stocks are bought across the board, rising freight rates due to Middle East risks and expectations for measures against the Chinese economy
● Attention to the handle: $Kawasaki Kisen Kaisha(9107.JP)$、 $Mitsubishi UFJ Financial Group(8306.JP)$、 $Sumitomo Mitsui Financial Group(8316.JP)$、 $Japan Post Holdings(6178.JP)$etc
-MooMoo News Japanese Stock Evelyn

Market Overview
Today's Nikkei Stock Average ended at 32758.98 yen, 211.57 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) fell 15.42 points to 2316.86.

Top news
The yen exchange rate in 2024 made a dramatic U-turn, and the yen appreciated for the first time in 4 years due to a reversal in monetary policy
The sharp depreciation of the yen for the third year in a row is likely to come to an end in 2024. While the Bank of Japan breaks away from the world's last negative interest rate policy, market participants predict that the yen will appreciate next year as major overseas central banks head to cut interest rates.

Is it OK to be at the window of an advanced country “take back 30 years” with the power of the people
Professor Tsutomu Miyagawa of Gakushuin University was worried. “In terms of economy, Japan could become a window sentry family of advanced countries. It's no wonder that members from the seven major countries (G7) are slapped on the shoulder. It is necessary to reform the economy with such a sense of crisis.”

Real growth rate 1.5% for fiscal year 23 NEEDS forecast, private consumption remains solid
According to the forecast that incorporates the second preliminary gross domestic product (GDP) value for the 2023/7/9 fiscal year announced by the Cabinet Office on December 8, into the Japanese economic model of the comprehensive economic data bank “NEEDS” of Nihon Keizai Shimbun, the real growth rate for fiscal year 23 is expected to be 1.5%, and fiscal year 24 is 0.6%.

Notable stocks
Due to developments where shipping stocks are being bought across the board, rising freight rates due to Middle East risks and expectations for measures against the Chinese economy ◇
$Kawasaki Kisen Kaisha(9107.JP)$、 $Mitsui O.S.K. Lines(9104.JP)$、 $Nippon Yusen Kabushiki Kaisha(9101.JP)$Starting with 3 major companies, etc. $NS United Kaiun Kaisha(9110.JP)$、 $Iino Kaiun Kaisha(9119.JP)$Shipping stocks, etc. rose backwards against the general decline in the market.

MUFG acquires major Australian pension management company for 100 billion yen - after next June
$Mitsubishi UFJ Financial Group(8306.JP)$(MUFG) announced on the 18th that Mitsubishi UFJ Trust Bank, which is under its umbrella, has acquired 100% of the issued shares of Australian Link Administration Holdings, which handles operations such as pension operation management and securities agency, and the commencement of procedures to make it a subsidiary.

Japan Post - backlash for the first time in 3 days to raise postage prices, standard-sized seal 110 yen, postcard 85 yen = Nikkei
$Japan Post Holdings(6178.JP)$rebounded for the first time in 3 days. It is reported on the 18th that the Ministry of Internal Affairs and Communications consulted the Information and Communications Administration/Postal Administration Council on a plan to raise the upper limit of fees from the current 84 yen to 110 yen for standard-sized postal envelopes of 25 grams or less with the information and communication administration council.

Sumitomo Mitsui - Will they leave the Bank of Japan meeting policy unchanged from today, be wary and sell to financial stocks
$Sumitomo Mitsui Financial Group(8316.JP)$is drastically cheaper. The clue is that the Bank of Japan monetary policy meeting began today. In response to Bank of Japan Governor Ueda's statement in early December that “it will be even more challenging from the end of the year to next year,” observations on early cancellation of negative interest rates intensified.

Distribution source: Bloomberg, Nihon Keizai Shimbun, Traders Web, MINKABU