Tokyo Market Summary: Nikkei Average Fall April Theory Increased Bank of Japan Negative Interest Rate Cancellation and Room for March Decision

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●The Nikkei Average ended at 365 17.57 yen, 29.38 yen lower than the previous business day
● Bank of Japan postpones cancellation of negative interest rates and maintains large-scale mitigation
● The April theory increased the Bank of Japan's negative interest rate cancellation, and there is room for a March decision
● Advantest - negative backstage transition Bank of Japan policy materials were exhausted to maintain the status quo, and the Nikkei Average was temporarily negative
● Toyota's total market capitalization ranks 3rd in Asia, surpassing China's Tencent
● Notable stocks: $Toyota Motor(7203.JP)$、 $Sompo Holdings(8630.JP)$、 $Advantest(6857.JP)$、 $KDDI(9433.JP)$、 $Zensho Holdings(7550.JP)$
-MooMoo News Japanese Stock Evelyn

Market Overview
Today's Nikkei Stock Average ended at 36517.57 yen, 29.38 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) ended at 2542.07, 2.85 points lower than the previous business day.

Top news
Bank of Japan postpones cancellation of negative interest rates and maintains large-scale mitigation
The Bank of Japan decided to maintain large-scale monetary easing measures at the monetary policy meeting held on the 23rd. The cancellation of the negative interest rate policy was foregone, and measures such as long and short interest rate manipulation (yield curve control) and exchange-traded fund (ETF) purchases were maintained as they were. It was determined that it was necessary to further determine trends in wage increases and prices.

The April theory increased and there is room for the Bank of Japan's negative interest rate cancellation in March
The Bank of Japan decided to continue its negative interest rate policy at the monetary policy meeting on 22-23. It seems that they have decided to further assess the economic and price situation based on the occurrence of the Noto Peninsula earthquake at the beginning of the year and reports of “uncertainty about the spread and extent of wage increases, etc.” at the branch manager meeting on the 11th.

Financial Services Agency Finishes Inspection of Sompo - Big Motor Issue to Strictly Address It
Finance Minister Suzuki Shunichi spoke on the 23rd about insurance claims fraud issues caused by Big Motor, a major used car sales company, and Sompo Japan and the parent company $Sompo Holdings(8630.JP)$The on-site inspection against it ended yesterday, and the idea that future administrative responses will be decided promptly based on the inspection results was shown. It was clarified at the post-cabinet meeting on the same day.

Notable stocks
Toyota's total market capitalization ranks 3rd in Asia, surpassing China's Tencent
$Toyota Motor(7203.JP)$The total market value of is China's $Tencent(TCEHY.US)$It surpassed (Tencent) and came in 3rd place in Asia. Toyota's total market value exceeded 328 billion dollars (about 48.58 trillion yen) on the 22nd, surpassing Tencent's 322 billion dollars.

Toyota Motor Corporation - 5 days of continuous expansion, 2 plants, 3 lines are reported to be suspended until the 24th
$Toyota Motor(7203.JP)$It continued to grow for 5 days. The Yomiuri Shimbun Online reported on the 23rd that the company revealed that the production subsidiary Toyota Motor East Japan has stopped 2 plants and 3 lines from the 19th.

Advantest - negative backstage transition Bank of Japan policy materials were exhausted to maintain the status quo, and the Nikkei Average was temporarily negative
$Advantest(6857.JP)$There was a negative change in the backfield. The Nikkei Average has suddenly stalled since the backstage, and it seems that the company's stock, which has a large contribution to the index, is also falling.

KDDI --- decline, Kyocera's partial sale discussions, etc. are also conveyed
$KDDI(9433.JP)$decline. Interview reports with Kyocera President have been reported, and policies showing specific utilization measures for the company's shares, which it holds policies, have also been clarified in the fall.

Zensho HD introduced “blue and yellow V points” at 4177 rebound group stores for the first time in 3 days
$Zensho Holdings(7550.JP)$rebounded for the first time in 3 days. The company announced on the 23rd that it will introduce “blue and yellow V points” at 4177 Zensho Group stores (as of the end of 2023/12), starting with the beef bowl chain “Sukiya,” the 100 yen sushi chain “Hama Sushi,” and the family restaurant “Cocos.”

Distributor: Nihon Keizai Shimbun, Traders Web, Bloomberg, MINKABU, FISCO