Tokyo stock market is rising. The outflow of funds, which incorporates the tightening of US monetary policy, has run its course, and there is a growing movement to review the cheap stock prices. The weak yen exchange rate in foreign exchange has also been a tailwind, and export-related items such as electrical machinery, precision equipment, and machinery have risen, and stocks of materials such as chemicals are also high. There are also purchases in corners related to domestic demand such as pharmaceuticals, information and communications.
|
Viewpoints of market participants
Mizuho Securities Yasuhiko Kuramochi Market Strategist
- Today’s Japanese stocks are likely to ease the degree of risk-off (avoidance).The turnaround toward the end of trading of US stocks yesterday, the calm of crude oil prices, and the depreciation of the yen will be a tailwind.
- The Fed’s intention to raise rates is well communicated to the stock market. The Fed wants to keep inflation down so much
- The price-earnings ratio (PER) of the US S & P 500 stock index fell to 18 times the median of the past five years in March, and variation adjustments have progressed.In the future, we will enter the stage of assessing the economy and corporate performance.
TSE 33 industries
| Highest rate of increase | Shipping, precision equipment, electrical machinery, information / communications, pharmaceuticals, chemistry, machinery |
| High drop rate | Transportation equipment, retail, wholesale, banking |
background
- Nikkei average option April contract SQ value 27,122.37 yen-Our estimate
- US Federal Reserve Bank of St. Louis Governor to 3-3.25% this yearRate hikeSupport
- ECB, some officials call for deadline to end asset purchases-Agenda
- The dollar / yen exchange rate remained at the first half of 124 yen per dollar, and the closing price of Japanese stocks on the previous day was 123.65 yen.
- The overseas market conditions on the previous dayHereplease look at
