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Is the Bank of Japan taking on a "hawkish" stance again? Officials: Gradual interest rate hikes are appropriate.
On October 16, japan Bank of Japan Policy Board member Takashi Ando stated in a speech that Japan has the conditions for policy normalization, and it is appropriate for the Bank of Japan to adopt a gradual interest rate hike approach.
October 15th [Today's Investment Strategy]
[Fisco Selected Stock] [Material Stock] Cosmos Pharmaceuticals <3349> 7320 yen (10/11) A drugstore based in Kyushu. They announced their first quarter results. Operating profit increased by 28.8% year-on-year to 11.5 billion yen. Despite a temporary decline in profitability due to in-house competition, they carried out new store openings and expanded their store network to new business territories without hesitation. The operating profit for the fiscal year ending in May 2025 is expected to be 31.6 billion yen, a 0.3% increase from the previous period. The progress rate for the first quarter compared to the full-year forecast is 36.6%. The full-year forecast is for a slight increase in profit.
Japan's new prime minister made a stunning move! He announced the dissolution of the Japanese House of Representatives just 8 days after taking office.
①Japanese Prime Minister Shigeru Ishiba announced the dissolution of the Japanese House of Representatives on Wednesday and called for an early election on October 27; ②Critics believe that Ishiba's "hasty" move prioritizes the election over allowing scrutiny of new government policies, with suspicions of evasion.
Rising US high-tech stocks support the strong performance of semiconductor-related stocks.
The Nikkei average rebounded. It closed the trading at 39,277.96 yen, up 340.42 yen (volume approximately 1.580 billion shares). Reflecting the calm crude oil market and the pause in the rise of long-term interest rates in the US market the previous day, high-tech stocks were bought, leading to a rise in major stock price indices. In the Tokyo market, buying centered on semiconductor-related stocks took the lead, and the Nikkei average extended its gains up to 39,456.28 yen shortly after the start of trading. However, with the backdrop of the recent fall in China's Shanghai market, moves to secure short-term profits are also observed.
Daiwa House, Ajinomoto, etc. (additional) Rating
Downgrade - bearish code | Company name | Securities company | Previous | After change | ------|---------------|-----------|---------|---------| ＜8955＞ | J Main Board | SMBC Nikko | "1" | "2" | ＜7545＞ | Nishimatsuya options chain | Iwai koss corp | "A" | "B+" | Target stock price change code | Company name | Securities company | Previous
Sumitomo Forestry, Sekisui House, etc. (additional) Rating
Upgrade - Bullish Code | Stock Name | Securities Company | Before | After | ------|-----------------|----------|--------------|------------|＜4005＞|Sumitomo Chemical |JPM | 'Underweight' | 'Neutral' | Target Stock Price Change Code| Stock Name | Securities Company | Before | After