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【Daily Stock Review】Two major bearish pressures! The Nikkei 225 slid to test 0.038 million, this sector experienced the biggest drop.
On Wednesday (November 27), the japan's Nikkei stock index fell, with auto manufacturers sector leading the decline, mainly due to investors' concerns about the tariff commitments made by the newly elected USA President Donald Trump and the strength of the Japanese yen.
Asia Markets Mixed as Investors Assess Economic Data in the Region; Eyes on PCE Inflation Data
Bank of Japan Core Consumer Price Index (YoY) 1.5% Vs. 1.8% Est.; 1.7% Prior
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.
Is Japan's Nikkei 225 Still a Bargain?
Japan's Coincident Index Rises, Leading Indicators Revised Down