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Tokyo's inflation rebounds beyond expectations, raising predictions for an interest rate hike by the Bank of Japan in December.
With the reduction of energy subsidies by the Japan government, inflation in Tokyo accelerated this month.
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.
Amid expectations of interest rate hikes, japan's inflation in October remained higher than the central bank's target.
The Japanese government reported on Friday that consumer prices excluding fresh food rose by 2.3% year-on-year in October, lower than the 2.4% in September. This increase was higher than the market's general expectation of 2.2%. The index, excluding energy costs and fresh food prices, rose by 2.3%, higher than the 2.1% in September.
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.
List of cloud-clearing stocks (weekly) (part 2)
○List of breakout stocks under the clouds in the market Code Stock name Closing price Leading Span A Leading Span B Tokyo Stock Exchange main board ＜2206＞ Glico 4154 4311.75 4182＜2209＞Imuraya G 2410 2473.25 2417.5＜2220＞Kameda Kashi 4140 4205 4287.5＜2229＞Calbee 3074 3242 3118＜2266＞Rokko Butter 1401 1427.7
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