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Raising the income tax threshold, japan once again proposed a large-scale stimulus plan, and the market is increasingly believing in a rate hike in December.
Japan's individual income tax threshold will be significantly raised from the current $6,640 to $11,500. Analysts believe that this measure will inject more disposable income into the Japanese economy, easing long-term pressures such as population decline and aging. However, there are also opponents who believe that this is a reckless fiscal expansion, which may exacerbate income inequality, lead to rapid inflation, and possibly pave the way for a rate hike in December.
Limited buying aimed at a one-step rise from 39,000 yen.
The Nikkei average continued to rise significantly. It closed at 38,780.14 yen, up 496.29 yen (volume estimated at 2.74 billion shares). Fueled by favorable economic indicators and last week's strong performance in the US stocks, a broad range of stocks saw buying momentum. The Nikkei average extended its gains to 39,053.64 yen in the mid-morning session and reclaimed the milestone of 39,000 yen for the first time in 6 trading days since the 15th. However, achieving this psychological milestone may easily lead to a sense of accomplishment in the short term, followed by a wait for selling pressure.
List of converted stocks (Part 2) [List of converted stocks for Parabolic Signal]
○ List of symbols for sell conversion in the market Code Company Name Closing Price SAR Main Board <1301> Kyokuyo 3940 4045 <1860> Todabuild 9801026 <187A> Samty HD 32903300 <1939> Yondenko 14761576 <1942> Kandenko 22222349 <1944> Kinden 30713263 <2002> Nisshin Flour G 18281856 <2410> Carrier
Dai Nippon Printing, Honda, etc. [List of stock information from newspapers]
Dai Nippon Printing <7912> aims to mass produce glass substrates by 2027-2028, expanding towards larger sizes for AI applications. Amada <6113> establishes STEM education hub in Isehara, Kanagawa (The Nikkan Kogyo Shimbun, Page 3). Nissan <7201> - 6% of US employees apply for early retirement (The Nikkan Kogyo Shimbun, Page 3). Daito Trust Construction <1878> to train construction managers in Indonesia, plans to open specialized courses in local universities (The Nikkan Kogyo Shimbun, Page 4). Hitachi <6501> - Hitachi Energy acquires series compensation system from Swedish state-owned company.
Japan plans to launch a multi-trillion yen economic stimulus package, with a focus on investing in the chip and AI sectors.
① Japan's Prime Minister Shigeru Ishiba will launch a 21.9 trillion yen economic stimulus plan to address challenges such as inflation and wage growth, with cabinet approval expected on Friday; ② The plan includes support for the continuous growth of wages in japan, investments in the semiconductors and ai sectors, and the restoration of subsidies for henry hub natural gas and electricity starting from January next year.
Strong exports to China drove Japan's overall exports in October to exceed expectations by more than 3%.
Led by the growth in shipments of chip manufacturing equipment and medical supplies; Japan's exports to China and other Asian countries increased, while exports to the United States and Europe declined.