Tokyo Market Summary: The Nikkei Average fell, and the Bank of Japan will have a unique presence among central banks around the world next year due to interest rate hikes

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● The Nikkei Average ended at 32686.25 yen, 240.10 yen lower than the previous business day
●The Bank of Japan will have a unique presence among central banks in the world next year due to interest rate hikes - US FRB will cut interest rates
● Japan-US interest rate difference narrowed due to major Fed conversion to the proper level of yen around 140 yen
● Japan suddenly surfaced to 2nd place, Hong Kong retreated to 6th place - Asian corporate governance ranking
● Automobile stocks such as Toyota have generally declined, and the rapid appreciation of the yen after FOMC encourages selling◇
● Notable stocks: $Toyota Motor(7203.JP)$、 $SoftBank Group(9984.JP)$、 $Mazda Motor(7261.JP)$etc
-MooMoo News Japanese Stock Evelyn

Market Overview
Today's Nikkei Stock Average ended at 32686.25 yen, 240.10 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) fell 33.57 points to 2321.35 in the Tokyo Stock Exchange.

Top news
The Bank of Japan will have a unique presence among central banks around the world next year due to interest rate hikes - US FRB will cut interest rates
The Bank of Japan has become accustomed to being unique in monetary policy as it has been challenging to eradicate deflation over decades. There is a high possibility that this will not change in 2024.

Japan suddenly surfaced to 2nd place, Hong Kong retreated to 6th place - Asian corporate governance ranking
In the Asian corporate governance (corporate governance) ranking, it became clear in the survey report that Hong Kong has retreated to 6th place, the lowest in recent decades, and fell below the rankings of Japan and Singapore. There are concerns about the deterioration of the rights of Hong Kong's minority shareholders and the independence of the judiciary.

Japan-US interest rate difference narrowed due to major Fed conversion to the proper level of yen around 140 yen
The US Federal Reserve (Fed) left policy interest rates unchanged for 3 consecutive meetings at the US Federal Open Market Committee (FOMC) which was open until the 13th. It was accepted that the result was a “dovish group” that was reluctant to tighten monetary policy, and the appreciation of the yen and depreciation of the dollar progressed rapidly.

Notable stocks
Automobile stocks such as Toyota have generally declined, and the rapid appreciation of the yen after FOMC encourages selling◇
$Toyota Motor(7203.JP)$Ya $Honda Motor(7267.JP)$、 $Nissan Motor(7201.JP)$Automobile stocks generally declined, etc. “Transportation equipment” in the Tokyo Stock Exchange's industry-specific index is at the top in terms of the rate of decline.

SoftBank G recovered to the 6000 yen mark, which was the last 4 consecutive gains, and British Arm stocks returned and strengthened
$SoftBank Group(9984.JP)$It showed strength even as the overall market price softened, and recovered to the 6000 yen mark for the fourth consecutive rise. In the US stock market the day before, the NY Dow rose over 500 dollars and hit an all-time high in the 37,000 dollar range, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, is also updating its year-to-date high every day.

Mazda to convert in-house power generation fuel at headquarters plant to ammonia - moving away from coal
$Mazda Motor(7261.JP)$It was announced on the 14th that the fuel for the in-house power generation facility at the head office plant (Hiroshima-shi) will be converted to ammonia, which does not emit carbon dioxide (CO2) even when burned. We will switch from coal, which has high CO2 emissions, and aim to reduce emissions from our own factories.

Panasonic - 3-day continuous increase in price for each product group such as wiring equipment, electrical circuit equipment, etc. from 2024/4 delivery
$Panasonic Holdings(6752.JP)$It continued to fall for 3 days. The company group Panasonic Electric Works announced that it will revise prices for each product group of wiring equipment, electrical circuit equipment, electrical panels, piping equipment, and housing systems from 2024/4/1.

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