Will the spring battle, where expectations rise due to the depreciation of the Nikkei average of 259 yen, be a decisive hit in normalizing the Bank of Japan - today's coalition tallies for the 1st round
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Market Overview
Today's Nikkei Stock Average began at 38548.16 yen, 259.22 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) fell 9.64 points at 2651.95.
Market Overview
Today's Nikkei Stock Average began at 38548.16 yen, 259.22 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) fell 9.64 points at 2651.95.
Top news
Will the Spring Battle, where expectations are rising, be the decisive hit for Bank of Japan normalization - today's coalition is counting for the 1st round
This year's spring labor-management negotiations (spring battles) have been met one after another by large companies, and expectations are high for wage increases above last year, which was a high level for the first time in about 30 years. While there are observations that the Bank of Japan will decide to raise interest rates for the first time in 17 years next week, the level of attention is higher than ever, as the Bank of Japan places emphasis on spring battle trends as judgment materials.
Japanese corporate bonds and samurai bonds to continue to be issued at a high level in fiscal year 24 - outlook of 5 securities companies
Regardless of the Bank of Japan's monetary policy, major domestic securities companies predict that corporate bonds of Japanese companies and issuance of yen denominated bonds (samurai bonds) by overseas issuers will continue to be strong in 2024. According to Bloomberg data, the total amount of domestic corporate bonds and samurai bonds issued up to fiscal year 23 is 16.6 trillion yen, which has already reached a record high on a fiscal year basis.
Bank of Japan's tightening shift suggests the end of rising bank stocks - 17 years ago, materials were exhausted
Past history says that the Bank of Japan turned to monetary tightening came to an end when the rise in bank stocks came to an end. It also seems to apply to the Wall Street market saying “buy with rumors and sell with facts.”
Will it recover? Short-term interest rate battlefield futures trading 10 times, preparation for interest rate revival
The short-term interest rate futures market, which predicts the future of short-term interest rates, is booming. The trading volume of unsecured call next-day interest (TONA) futures, which are traded by predicting next-day interest rates between banks, has recently expanded greatly, and has swelled to about 10 times that of 2023/12 per month since the beginning of this year. Market participants are preparing for rising interest rates ahead of the monetary policy meeting to be held by the Bank of Japan on 18-19 next week.
Lion Ajinomoto has a minimum guarantee for various dividends aimed at companies and individuals
Listed companies are diversifying their dividend policies. $Lion(4912.JP$Ya $Ajinomoto(2802.JP$guarantees a minimum amount of dividends. $Sumitomo Metal Mining(5713.JP$Dividends are linked to equity capital, which fluctuates less than profit. Interest in individual dividends is growing with the launch of the new Small Investment Tax Exemption System (NISA). We appeal for a policy to pay stable dividends and encourage shareholders to hold long-term holdings.
Kobe Bussan - buying momentum 1Q final profit 4 times the main business supermarket business is strong
$Kobe Bussan(3038.JP$It's a buying trend. The company announced on the 14th that consolidated net profit for the 24.10 fiscal year 1Q (November-January) was 5.52 billion yen (4.1 times the same period last year).
Will the Spring Battle, where expectations are rising, be the decisive hit for Bank of Japan normalization - today's coalition is counting for the 1st round
This year's spring labor-management negotiations (spring battles) have been met one after another by large companies, and expectations are high for wage increases above last year, which was a high level for the first time in about 30 years. While there are observations that the Bank of Japan will decide to raise interest rates for the first time in 17 years next week, the level of attention is higher than ever, as the Bank of Japan places emphasis on spring battle trends as judgment materials.
Japanese corporate bonds and samurai bonds to continue to be issued at a high level in fiscal year 24 - outlook of 5 securities companies
Regardless of the Bank of Japan's monetary policy, major domestic securities companies predict that corporate bonds of Japanese companies and issuance of yen denominated bonds (samurai bonds) by overseas issuers will continue to be strong in 2024. According to Bloomberg data, the total amount of domestic corporate bonds and samurai bonds issued up to fiscal year 23 is 16.6 trillion yen, which has already reached a record high on a fiscal year basis.
Bank of Japan's tightening shift suggests the end of rising bank stocks - 17 years ago, materials were exhausted
Past history says that the Bank of Japan turned to monetary tightening came to an end when the rise in bank stocks came to an end. It also seems to apply to the Wall Street market saying “buy with rumors and sell with facts.”
Will it recover? Short-term interest rate battlefield futures trading 10 times, preparation for interest rate revival
The short-term interest rate futures market, which predicts the future of short-term interest rates, is booming. The trading volume of unsecured call next-day interest (TONA) futures, which are traded by predicting next-day interest rates between banks, has recently expanded greatly, and has swelled to about 10 times that of 2023/12 per month since the beginning of this year. Market participants are preparing for rising interest rates ahead of the monetary policy meeting to be held by the Bank of Japan on 18-19 next week.
Lion Ajinomoto has a minimum guarantee for various dividends aimed at companies and individuals
Listed companies are diversifying their dividend policies. $Lion(4912.JP$Ya $Ajinomoto(2802.JP$guarantees a minimum amount of dividends. $Sumitomo Metal Mining(5713.JP$Dividends are linked to equity capital, which fluctuates less than profit. Interest in individual dividends is growing with the launch of the new Small Investment Tax Exemption System (NISA). We appeal for a policy to pay stable dividends and encourage shareholders to hold long-term holdings.
Kobe Bussan - buying momentum 1Q final profit 4 times the main business supermarket business is strong
$Kobe Bussan(3038.JP$It's a buying trend. The company announced on the 14th that consolidated net profit for the 24.10 fiscal year 1Q (November-January) was 5.52 billion yen (4.1 times the same period last year).
Ministry of Civil Technology and Defense doubles joint research on next-generation equipment
The number of cases where the Ministry of Defense conducts joint research with companies in order to utilize advanced technology possessed by the private sector to strengthen defense capabilities has increased. What is the 2023 fiscal year $Hitachi(6501.JP$Ya $Mitsubishi Electric(6503.JP$It was a record high of about 30 cases, etc., and doubled from fiscal year 22, when there were 14 cases.
Dai-ichi Life invests 38 billion yen in US management company to strengthen alternative assets
$Dai-ichi Life Holdings(8750.JP$(HD) announced on the 14th that it will invest in the US mid-sized management company Canyon Partners. The investment amount is approximately 38 billion yen in Japanese yen. We will strengthen the management of alternative (alternative) assets that are different from traditional assets under management, such as stocks and bonds, and improve profitability.
NTT law revisions agree on a uniform nationwide fixed communication premise expert meeting
The Ministry of Internal Affairs and Communications held an expert meeting on NTT law revisions on the 14th. Regarding the review of universal communication services, they agreed in the direction of assuming fixed communication used for fixed telephones, etc. as before. A system design centered on broadband capable of high-capacity communication such as optical fiber is expected.
Distribution source: Bloomberg, Nihon Keizai Shimbun, Traders Web
ー Moo Moo News Japanese stock Evelyn
The number of cases where the Ministry of Defense conducts joint research with companies in order to utilize advanced technology possessed by the private sector to strengthen defense capabilities has increased. What is the 2023 fiscal year $Hitachi(6501.JP$Ya $Mitsubishi Electric(6503.JP$It was a record high of about 30 cases, etc., and doubled from fiscal year 22, when there were 14 cases.
Dai-ichi Life invests 38 billion yen in US management company to strengthen alternative assets
$Dai-ichi Life Holdings(8750.JP$(HD) announced on the 14th that it will invest in the US mid-sized management company Canyon Partners. The investment amount is approximately 38 billion yen in Japanese yen. We will strengthen the management of alternative (alternative) assets that are different from traditional assets under management, such as stocks and bonds, and improve profitability.
NTT law revisions agree on a uniform nationwide fixed communication premise expert meeting
The Ministry of Internal Affairs and Communications held an expert meeting on NTT law revisions on the 14th. Regarding the review of universal communication services, they agreed in the direction of assuming fixed communication used for fixed telephones, etc. as before. A system design centered on broadband capable of high-capacity communication such as optical fiber is expected.
Distribution source: Bloomberg, Nihon Keizai Shimbun, Traders Web
ー Moo Moo News Japanese stock Evelyn
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182990286 : There are corporate tax cuts and subsidies for wage increases. Does that mean there will be a consumption tax hike later?