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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.
The Nikkei average starts with an increase of 0.53 yen, with Furukawa Electric and MS&AD, etc., rising.
[Nikkei Average & TOPIX (Table)] Nikkei Average; 38352.87; +0.53 TOPIX; 2700.14; +1.85 [Opening Overview] On the 21st, the Nikkei average opened higher at 38352.87 yen, up by 0.53 yen. The U.S. stock market on the previous day, the 20th, was mixed. The dow inc rose by 139.53 dollars to 43408.47 dollars, while the nasdaq closed down by 21.33 points at 18966.14. Ukraine has used British-made long-range missiles in Russian territory.
Express News | The nikkei 225 index opened flat, and keyens rose over 1%.
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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.
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