Japan’s Long-Term Interest Rates Rise Over 0.8% Amid Expectations of Further Rate Hikes

Japan’s Long-Term Interest Rates Rise Over 0.8% Amid Expectations of Further Rate Hikes

Japan’s long-term interest rates have risen to over 0.8% since November last year. Bond selling has become predominant as expectations for further interest rate hikes by the Bank of Japan are increasing and long-term interest rates in the United States have risen sharply due to upward swings in the Consumer Price Index (CPI). The yield … Read more

Former Finance Minister Nakao Urges Government Intervention to Correct Yen Depreciation

Former Finance Minister Nakao Urges Government Intervention to Correct Yen Depreciation

Takehiko Nakao, former finance minister and chairman of Mizuho Research & Technologies, said that the current depreciation of the yen has clearly gone too far, and acknowledged that the government could intervene at any time. We believe that intervention is an effective way to correct the yen’s depreciation. In an interview on the 10th, Mr. … Read more

Biden and Kishida Announce Defense Industrial Cooperation Plans to Strengthen Japan-US Alliance

Biden and Kishida Announce Defense Industrial Cooperation Plans to Strengthen Japan-US Alliance

US President Biden and Prime Minister Fumio Kishida plan to establish a consultative body on defense industrial cooperation to strengthen the Japan-US alliance in the defense field, allowing for more repair of US Navy ships in Japan. This was announced by a senior Biden administration official. The official explained that defense will be at the … Read more

TOWA Leading Industry with Unique Technology for Semiconductor Equipment Amid Generative AI Boom

TOWA Leading Industry with Unique Technology for Semiconductor Equipment Amid Generative AI Boom

TOWA, which has unique technology for equipment used in the resin encapsulation process of semiconductor manufacturing, is gaining ground in the industry thanks to the tailwind of the generative AI (artificial intelligence) boom. A next-generation machine focused on improving productivity is also under development. In an interview with Bloomberg on March 26, President Hirokazu Okada … Read more

U.S. Payrolls Surged in March, Unemployment Rate Drops – Economy Boosted by Strong Labor Market

U.S. Payrolls Surged in March, Unemployment Rate Drops – Economy Boosted by Strong Labor Market

U.S. payrolls increased by the most in nearly a year in March, and the unemployment rate fell. It showed that a strong labor market is boosting the economy. US employment rose by 303,000 in March, the largest increase in a year – unemployment rate falling (1) The views of market participants regarding the statistics are … Read more

Yen Exchange Rate in Tokyo Foreign Exchange Market Stays Stable Amidst US Employment Data – Updates on Dollar/Yen Pair

Yen Exchange Rate in Tokyo Foreign Exchange Market Stays Stable Amidst US Employment Data – Updates on Dollar/Yen Pair

On the 4th, the yen exchange rate in the Tokyo foreign exchange market was in the high 151 yen range to the dollar, remaining almost unchanged from the evening of the previous day. Overseas time on the 3rd, the price approached the psychological milestone of 152 yen due to the increase in employment in the … Read more

U.S. Job Openings Stabilize at High Level in February

U.S. Job Openings Stabilize at High Level in February

The number of U.S. job openings in February was almost unchanged from the previous month. This suggests that demand for labor is stabilizing at a high level. Key Point The number of U.S. job openings increased slightly to 8.756 million in February. The median forecast by economists is 8.73 million. The previous month was revised … Read more

Akihiro Fukudome, Chairman of Japanese Bankers Association, Predicts BoJ’s Monetary Policy Staying Accommodative

Akihiro Fukudome, Chairman of Japanese Bankers Association, Predicts BoJ’s Monetary Policy Staying Accommodative

Akihiro Fukudome, the new chairman of the Japanese Bankers Association (President of Sumitomo Mitsui Banking Corporation), believes that the Bank of Japan’s monetary policy will remain accommodative for some time. Furthermore, the government predicted that the policy interest rate would only be raised by 0.25% over the next year. Mr. Fukudome, who assumed the position … Read more

Bank of Japan Monetary Policy Changes: Impact on Bank Stocks and Market Expectations

Bank of Japan Monetary Policy Changes: Impact on Bank Stocks and Market Expectations

History tells us that the first phase of monetary tightening by the Bank of Japan marks the end of the rise in bank stocks. The Wall Street adage “buy on rumors, sell on facts” seems to apply. Since the Bank of Japan slightly revised its yield curve control (YCC) policy contrary to market expectations in … Read more

Bank of Japan Considers Suspending ETF Purchases and Normalizing Policy: Latest Updates

Bank of Japan Considers Suspending ETF Purchases and Normalizing Policy: Latest Updates

The Bank of Japan will consider completely suspending new purchases of exchange-traded funds (ETFs), which it has continued to do since 2010, when it reaches its 2% inflation target and begins to normalize policy. This was revealed through interviews with multiple parties involved. According to people familiar with the matter, with the stock market hovering … Read more