Express News | japan's cabinet approved a comprehensive stimulus plan, expected to boost the economy by 1.2 percentage points.
Be careful, japan has another "black swan" flying out!
Data shows that short positions on the yen are being rebuilt, a dynamic reminiscent of the situation before the collapse of yen arbitrage trades in August.
Express News | In Japan, the year-on-year core CPI for October is 2.3%, expected to be 2.2%, and the previous value was 2.4%.
【Daily Review of Japanese Stocks】Concerns about nvidia hitting the ceiling have emerged! The Nikkei 225 fell more than 400 points at one point, and the yen appreciation added insult to injury.
Tokyo stock market fell on Thursday (November 21st), nvidia, the American chip giant, failed to satisfy investors with its financial report, while the appreciation of the yen added pressure to export companies.
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.
Nikkei May Decline Amid Uncertainty Over Russia-Ukraine War -- Market Talk