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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.
Idemitsu Kosan, Sumitomo Osaka Cement, etc. (additional) Rating.
Upgraded - bullish code stock name brokerage firm previous change after----------------------------------------------------------<9468>KADOKAWA Macquarie "Neutral" "Outperform" <5233> Taiheiyo Cement Daiwa "2" "1" target stock price change code stock name brokerage firm previous change after----------------------------------------------
High-Quality, Excess Gear Goes to Auction in Tiger Group AV Sale
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.
The Nikkei indices closed up 193 points for the day, Panasonic soared 4%, and Mizuho noted that Japanese stocks are showing significant weakness.
Bank of Japan Governor Haruhiko Kuroda stated on the 18th that the Japanese economy is moving towards sustained inflation driven by wages, and warned against keeping borrowing costs too low; his remarks hinted at another rate hike next month. Japanese Finance Minister Katsunobu Kato expressed his hope for stable exchange rate fluctuations that reflect the fundamentals; he will take appropriate action against rapid exchange rate fluctuations. The yen's gains narrowed to 0.1% during the Asian session, with the US dollar falling to 154.46 against the yen. Hironori Miura, a senior technical analyst at Mizuho Securities, stated that Japanese stocks are clearly weakening. From the current situation, it appears that medium to long-term foreign investors will not deliberately purchase stocks that are clearly declining.
JP Movers | The Japan Steel Works Rose 11.55%, Leading Nikkei 225 Components, Advantest Topped Turnover List
Market sentiment was stable today as Nikkei 225 components continued to trade sideways, with The Japan Steel Works(5631.JP) being the top gainer today, rising 11.55% to close at 6499.0 yen. In addition, the top loser was BANDAI NAMCO Holdings(7832.JP)，falling 3.83% to end at 3167.0 yen.
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