Tokyo Market Summary: The Nikkei Average rose for the third consecutive day, with the yen weakening following comments from BOJ Policy Board Member Noguchi. JX Advanced Metals surged 7%, Sanrio climbed over 4%. Toyota reported a 2% increase in global sales for October. Resonac soared over 8%, hitting a record high. Regional bank stocks remained strong on expectations of interest rate hikes.
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The general stock market conditions for today are as follows. Thank you for your attention.
Market Overview
In today's Tokyo stock market, the Nikkei Average closed 298.31 yen higher than the previous trading day at 50,167.10 yen, while the TOPIX ended up 13.07 points at 3,368.57.
In today's Tokyo stock market, the Nikkei Average closed 298.31 yen higher than the previous trading day at 50,167.10 yen, while the TOPIX ended up 13.07 points at 3,368.57.
Buoyed by gains in U.S. equities, the market opened more than 300 yen higher. Major tech stocks led the rally, surpassing the key 50,000-yen level early on and quickly climbing to above 50,300 yen. Buying momentum subsided after an over 700-yen surge, leading to muted trading activity after 10 a.m. In the afternoon, trading remained range-bound, but the index stayed comfortably above 50,000 yen, closing with a rise of over 600 yen.
By sector, 19 out of 33 industries ended higher. Electrical equipment topped the list, followed by non-ferrous metals, mining, and glass/ceramics. Pharmaceuticals, precision instruments, and petroleum/coal products were among the top decliners.
[Today's Buying/Selling Dynamics]
On November 27, the Tokyo Stock Exchange Prime Market saw buying dominance amounting to 879.792 billion yen and selling dominance totaling 858.904 billion yen.
On November 27, the Tokyo Stock Exchange Prime Market saw buying dominance amounting to 879.792 billion yen and selling dominance totaling 858.904 billion yen.
Top News
[Key Person Statement] BOJ Policy Board Member
[Key Person Statement] BOJ Policy Board Member
If the yen weakens further, it will naturally affect price trends.
Should the yen weaken further, cost pass-through in items such as food products is likely to accelerate.
The longer an interest rate hike is delayed, the closer it gets to the target, and the larger the negative impact on the economy and prices.
Policy adjustments should be carried out with caution.
While carefully assessing the effects of various channels, the degree of monetary easing should be appropriately adjusted using policy interest rates as a tool.
Related Articles
Should the yen weaken further, cost pass-through in items such as food products is likely to accelerate.
Core inflation has yet to reach 2%.
The government and the Bank of Japan share concerns about cost-push inflation.
It is a fact that we are steadily approaching the target.
Policy adjustments should be carried out with caution.
The pace of policy adjustment could lead to problems if it is either too fast or too slow.
It is necessary to adjust the degree of monetary easing appropriately using policy interest rate tools.
If the target is achieved in the latter half of the forecast period, interest rate adjustments should also proceed at an appropriate pace.
Should the yen weaken further, cost pass-through in items such as food products is likely to accelerate.
Core inflation has yet to reach 2%.
The government and the Bank of Japan share concerns about cost-push inflation.
It is a fact that we are steadily approaching the target.
Policy adjustments should be carried out with caution.
The pace of policy adjustment could lead to problems if it is either too fast or too slow.
It is necessary to adjust the degree of monetary easing appropriately using policy interest rate tools.
If the target is achieved in the latter half of the forecast period, interest rate adjustments should also proceed at an appropriate pace.
In the Tokyo foreign exchange market, the dollar fell to the upper 155 yen range as Japan-U.S. monetary policy differences weighed on sentiment (3:00 PM on the 27th).
In the afternoon on the 27th in Tokyo's foreign exchange market, the U.S. dollar weakened against the yen to the upper 155-yen level amid growing attention to differences in monetary policies between Japan and the United States. As of 3:00 PM, the dollar was at 155.98-99 yen, a depreciation of 39 sen compared to the previous day (5:00 PM, 156.37-38 yen).
The USD/JPY pair traded around 156.40-50 yen in the early morning. Ahead of the fixing announcement, the rate fell to the 155.80-yen level as "dollar-selling and yen-buying by domestic exporters ahead of month-end settlements took the lead" (according to a Japanese bank). Following the release of remarks from Bank of Japan Policy Board member Asahi Noguchi at 10:30 AM, the rate briefly dropped to the 155.70-yen level but later recovered to near 156.20 yen.
Regarding Noguchi’s speech, it was initially interpreted as being positive towards interest rate hikes, which led to yen buying (according to forex intermediaries). However, after comments were relayed that 'both too early or too late interest rate hikes could cause problems,' there was a view that 'caution towards an early rate hike was perceived, leading to yen selling' (ibid.).
In the afternoon, the trend turned slightly bearish, with the rate dropping to around 155.80 yen at some points. Market participants noted that 'expectations for the Bank of Japan's rate hike in December and potential rate cuts by the Federal Reserve are weighing on the currency, but fundamentally, a wait-and-see stance is strengthening ahead of the U.S. Thanksgiving holiday' (ibid.).
In the afternoon on the 27th in Tokyo's foreign exchange market, the U.S. dollar weakened against the yen to the upper 155-yen level amid growing attention to differences in monetary policies between Japan and the United States. As of 3:00 PM, the dollar was at 155.98-99 yen, a depreciation of 39 sen compared to the previous day (5:00 PM, 156.37-38 yen).
The USD/JPY pair traded around 156.40-50 yen in the early morning. Ahead of the fixing announcement, the rate fell to the 155.80-yen level as "dollar-selling and yen-buying by domestic exporters ahead of month-end settlements took the lead" (according to a Japanese bank). Following the release of remarks from Bank of Japan Policy Board member Asahi Noguchi at 10:30 AM, the rate briefly dropped to the 155.70-yen level but later recovered to near 156.20 yen.
Regarding Noguchi’s speech, it was initially interpreted as being positive towards interest rate hikes, which led to yen buying (according to forex intermediaries). However, after comments were relayed that 'both too early or too late interest rate hikes could cause problems,' there was a view that 'caution towards an early rate hike was perceived, leading to yen selling' (ibid.).
In the afternoon, the trend turned slightly bearish, with the rate dropping to around 155.80 yen at some points. Market participants noted that 'expectations for the Bank of Japan's rate hike in December and potential rate cuts by the Federal Reserve are weighing on the currency, but fundamentally, a wait-and-see stance is strengthening ahead of the U.S. Thanksgiving holiday' (ibid.).
Sanrio's stock surged significantly amid the announcement of the opening of a permanent VR theme park on December 11.
$Sanrio (8136.JP)$It has seen a significant increase. The company announced today that it will grand open the permanent VR theme park "Virtual Sanrio Puroland" on December 11, and expectations seem to be rising.
$Sanrio (8136.JP)$It has seen a significant increase. The company announced today that it will grand open the permanent VR theme park "Virtual Sanrio Puroland" on December 11, and expectations seem to be rising.
Toyota remains range-bound as its global sales volume in October increased by 2% year-on-year and global production rose by 4%.
$Toyota Motor (7203.JP)$Trading remains range-bound for Toyota. On the 27th, the company announced that its global sales volume for October (including Lexus) reached 922,087 units (a 2.1% increase year-on-year), while global production amounted to 926,987 units (a 3.8% increase year-on-year). Sales hit a record high for the month of October, and production marked an all-time high for a single month.
$Toyota Motor (7203.JP)$Trading remains range-bound for Toyota. On the 27th, the company announced that its global sales volume for October (including Lexus) reached 922,087 units (a 2.1% increase year-on-year), while global production amounted to 926,987 units (a 3.8% increase year-on-year). Sales hit a record high for the month of October, and production marked an all-time high for a single month.
Panasonic has seen Mizuho raise its target share price, citing the current stock price as undervalued based on both PBR and PER metrics.
$Panasonic Holdings (6752.JP)$Shares have extended their gains significantly. Mizuho Securities commented that the current stock price is undervalued on both PBR and PER bases. Maintaining its "Buy" investment rating, Mizuho raised its target price from 2,400 yen to 2,540 yen.
$Panasonic Holdings (6752.JP)$Shares have extended their gains significantly. Mizuho Securities commented that the current stock price is undervalued on both PBR and PER bases. Maintaining its "Buy" investment rating, Mizuho raised its target price from 2,400 yen to 2,540 yen.
Resonac - MSMUFG raises target price, a core stock in semiconductor backend materials.
$Resonac Holdings (4004.JP)$Reached a new high. Morgan Stanley MUFG Securities evaluates it as a core stock in semiconductor post-process materials, maintaining its investment rating of 'Overweight' while raising the target share price from 5,700 yen to 7,700 yen.
At MSMUFG, as a customer related to AI, $NVIDIA (NVDA.US)$In addition, $Broadcom (AVGO.US)$MSMUFG forecasts that transactions with ASIC manufacturers will accelerate starting in the second half of 2026.
$Resonac Holdings (4004.JP)$Reached a new high. Morgan Stanley MUFG Securities evaluates it as a core stock in semiconductor post-process materials, maintaining its investment rating of 'Overweight' while raising the target share price from 5,700 yen to 7,700 yen.
At MSMUFG, as a customer related to AI, $NVIDIA (NVDA.US)$In addition, $Broadcom (AVGO.US)$MSMUFG forecasts that transactions with ASIC manufacturers will accelerate starting in the second half of 2026.
Mamezou jumped with a gap-up, with short-term buying observed as a key company linked to Physical AI.
$Mamezo (202A.JP)$The stock surged with a gap-up, rising over 16% at one point to reach 3,485 yen, hitting a new all-time high since its listing. The company captures demand for corporate digital transformation (DX) through cloud consulting, AI consulting, and AI robotics engineering, while also demonstrating strength in advanced car electronics, including autonomous driving.
Business performance has been exceptionally strong, with operating profit for the fiscal year ending March 2025 expected to increase by 15% year-on-year to 2.07 billion yen, achieving double-digit growth and setting a new historical high.
$Mamezo (202A.JP)$The stock surged with a gap-up, rising over 16% at one point to reach 3,485 yen, hitting a new all-time high since its listing. The company captures demand for corporate digital transformation (DX) through cloud consulting, AI consulting, and AI robotics engineering, while also demonstrating strength in advanced car electronics, including autonomous driving.
Business performance has been exceptionally strong, with operating profit for the fiscal year ending March 2025 expected to increase by 15% year-on-year to 2.07 billion yen, achieving double-digit growth and setting a new historical high.
Sumitomo Metals rose sharply for three consecutive days, supported by expectations of U.S. interest rate cuts and reassessment following the rise in New York gold futures.
$Sumitomo Metal Mining (5713.JP)$The stock rose sharply for three consecutive days. On November 26, the eve of Thanksgiving in the U.S. market, the February contract, the most active month for gold futures on the New York Mercantile Exchange, continued to gain. Recent U.S. economic indicators have strengthened expectations of interest rate cuts by the Federal Reserve (FRB), leading to a decline in U.S. long-term interest rates. This contributed to the rise in gold futures prices, which are considered to have an inverse correlation with interest rates.
Sumitomo Metal Mining, categorized as a gold-related stock, experienced a favorable rise in its share price on the 27th amid upward revisions of investment ratings and target prices by foreign securities firms, opening with a gap and surpassing the 25-day moving average.
$Sumitomo Metal Mining (5713.JP)$The stock rose sharply for three consecutive days. On November 26, the eve of Thanksgiving in the U.S. market, the February contract, the most active month for gold futures on the New York Mercantile Exchange, continued to gain. Recent U.S. economic indicators have strengthened expectations of interest rate cuts by the Federal Reserve (FRB), leading to a decline in U.S. long-term interest rates. This contributed to the rise in gold futures prices, which are considered to have an inverse correlation with interest rates.
Sumitomo Metal Mining, categorized as a gold-related stock, experienced a favorable rise in its share price on the 27th amid upward revisions of investment ratings and target prices by foreign securities firms, opening with a gap and surpassing the 25-day moving average.
Toppan HD has risen sharply for five consecutive days following the development of a service that realizes hybrid customer experiences through digital and real-world integration.
$Toppan Holdings (7911.JP)$The company has seen a significant rise for five consecutive days. On the 27th, it announced that its group company TOPPAN, in collaboration with Treasure Data (located in Minato-ku, Tokyo), had jointly developed a service aimed at enhancing customer experience (CX) through a hybrid of digital and real-world media with real-time capabilities. The service will be offered to manufacturers and financial and infrastructure industries starting the same day by TOPPAN.
$Toppan Holdings (7911.JP)$The company has seen a significant rise for five consecutive days. On the 27th, it announced that its group company TOPPAN, in collaboration with Treasure Data (located in Minato-ku, Tokyo), had jointly developed a service aimed at enhancing customer experience (CX) through a hybrid of digital and real-world media with real-time capabilities. The service will be offered to manufacturers and financial and infrastructure industries starting the same day by TOPPAN.
[Stocks to Watch] Banking Sector Remains Solid Amid Expectations of Interest Rate Hikes
$Yokohama Financial Group (7186.JP)$and $The Chiba Bank (8331.JP)$Regional bank stocks are gaining attention, with some hitting year-to-date highs. Market analysts commented, 'News suggesting early interest rate hikes by the Bank of Japan is driving expectations for improved performance, leading to increased interest in these stocks' (from a banking-affiliated securities firm).
On the other hand, $Mitsubishi UFJ Financial Group (8306.JP)$Megabanks are seeing limited impact on today’s share prices because 'their portfolios are vast and not solely composed of segments affected by the Bank of Japan’s interest rate hikes' (ibid).
This morning, Bank of Japan board member Asahi Noguchi reportedly stated in a speech, 'Policy adjustments that are too fast or too slow can lead to issues.' However, this has had little impact on the banking sector index.
$Yokohama Financial Group (7186.JP)$and $The Chiba Bank (8331.JP)$Regional bank stocks are gaining attention, with some hitting year-to-date highs. Market analysts commented, 'News suggesting early interest rate hikes by the Bank of Japan is driving expectations for improved performance, leading to increased interest in these stocks' (from a banking-affiliated securities firm).
On the other hand, $Mitsubishi UFJ Financial Group (8306.JP)$Megabanks are seeing limited impact on today’s share prices because 'their portfolios are vast and not solely composed of segments affected by the Bank of Japan’s interest rate hikes' (ibid).
This morning, Bank of Japan board member Asahi Noguchi reportedly stated in a speech, 'Policy adjustments that are too fast or too slow can lead to issues.' However, this has had little impact on the banking sector index.
Ride the Winning Horse of Japan's Stablecoin!
The movement toward issuing stablecoins domestically is gaining momentum.JPYC initiated the issuance of Japan's first yen-backed stablecoin on October 27.And, apart from thisa pilot program for joint issuance by the three major banksInhas received support from the Financial Services AgencyIn addition to this, there is growing momentum for the issuance of stablecoins, primarily led by banks, raising the possibility of multiple stablecoins being issued. As of now, several entities have either already issued or expressed intentions to issue stablecoins.JPYCand,the three major megabanks supported by the Financial Services Agency,as well as not only banks and system companies but alsomedia outlets and advertising agencies participating,thereby reducing potential losses.forming a multi-industry alliance,among others,primarily five key groups.The 'winning' camp is expected to gain advantages comparable to or even surpassing those of current cashless payment operators, potentially boosting their performance and stock prices.Stocks that have announced participation in stablecoin issuanceresume sales of electric vehicles (EVs) after a three-year hiatus,Stocks collaborating with issuing companiesare listed.
The movement toward issuing stablecoins domestically is gaining momentum.JPYC initiated the issuance of Japan's first yen-backed stablecoin on October 27.And, apart from thisa pilot program for joint issuance by the three major banksInhas received support from the Financial Services AgencyIn addition to this, there is growing momentum for the issuance of stablecoins, primarily led by banks, raising the possibility of multiple stablecoins being issued. As of now, several entities have either already issued or expressed intentions to issue stablecoins.JPYCand,the three major megabanks supported by the Financial Services Agency,as well as not only banks and system companies but alsomedia outlets and advertising agencies participating,thereby reducing potential losses.forming a multi-industry alliance,among others,primarily five key groups.The 'winning' camp is expected to gain advantages comparable to or even surpassing those of current cashless payment operators, potentially boosting their performance and stock prices.Stocks that have announced participation in stablecoin issuanceresume sales of electric vehicles (EVs) after a three-year hiatus,Stocks collaborating with issuing companiesare listed.
[Top Movers in Japanese Stocks]
$Resonac Holdings (4004.JP)$It was the top gainer today, with a closing price of 6,322.0 yen, up 8.85%.
$Resonac Holdings (4004.JP)$It was the top gainer today, with a closing price of 6,322.0 yen, up 8.85%.
On the other hand, the top decliner was $Eisai (4523.JP)$The closing price was 4,895.0 yen, a decrease of 2.70%.
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Source: MINKABU, FISCO, Trader's Web, Stock Newspaper, Jiji Press
Source: MINKABU, FISCO, Trader's Web, Stock Newspaper, Jiji Press
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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mitigen2002 : Can you avoid making mistakes from the outset, such as a 298-yen increase across all trading days? This is an important point.