TOPIX hits 34-year high as Japan's economy recovers

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• TOPIX index hits 34-year high at 2,890.52 points
• Investors optimistic about Japan's economic recovery
• Factors include escape from deflation, improved capital efficiency, yen depreciation, and corporate governance reform
• Foreign funds are flowing into the Japanese market

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US Market Closed for Independence Day, Disappointing Economic Indicators Released

• The US market is closed for Independence Day, which may affect the global market's performance.
• The recent release of US economic indicators fell below market expectations, which could lead to increased expectations of a rate cut by the Federal Reserve.
• The upcoming release of the US June employment statistics on July 5th could further impact the market's performance.

Source

ダイヤモンド・オンライン

New York Dow Jones Industrial Average falls slightly

• The Dow Jones Industrial Average fell by 23.85 points on the third day of trading, closing at 39,308.00 points.
• The slight decline is attributed to concerns over rising inflation and the possibility of the Federal Reserve raising interest rates sooner than expected.
• Investors are also closely monitoring the ongoing COVID-19 pandemic and its potential impact on the global economy.

Source

ダイヤモンド・オンライン

Asics stock price chart shows positive growth

• The chart shows Asics' stock price has been steadily increasing over the past 6 months.
• This growth is likely due to the overall positive trend in the Japanese stock market, as well as Asics' strong financial performance and brand recognition in the athletic apparel industry.
• The company's focus on sustainability and innovation may also be contributing to investor confidence in its future prospects.

Source

ダイヤモンド・オンライン

Analysts recommend high dividend stocks

• The selected content mentions "recommended dividend stocks" by analysts.
• High dividend stocks are attractive to investors seeking stable income.
• This suggests that the Japanese market is not only growing, but also offering opportunities for income-oriented investors.

Source

ダイヤモンド・オンライン

Potential investment opportunities in the Japanese market

• Seven & i Holdings and Nissin Foods Holdings are two companies that have recently introduced shareholder benefits programs, making them potential investment opportunities for those interested in receiving perks in addition to stock returns.
• Investors may also want to consider companies that have improved their corporate governance practices, as this has been a focus in Japan in recent years.
• The influx of foreign funds into the Japanese market may also create opportunities for investors looking to diversify their portfolios.

Source

ダイヤモンド・オンライン

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ダイヤモンド・オンライン

Bank of Japan ends negative interest rate policy after 17 years

• The Bank of Japan has decided to end its negative interest rate policy after 17 years, marking a significant shift in the country's monetary policy.
• The move is seen as a response to the country's economic recovery and the need to address the side effects of prolonged monetary easing, such as the impact on financial institutions and the housing market.
• The decision is expected to have a positive impact on the Japanese stock market, as investors are optimistic about the country's economic outlook and the normalization of monetary policy.

Source

bloomberg.co.jp

Factors contributing to the Tokyo Stock Exchange's record high TOPIX index

• Major Japanese companies are expected to achieve record high profits for the fourth consecutive year, with a 5.9% increase in operating profits compared to the previous year, due to increased production in the automotive industry and recovery in the electronics, precision, and machinery industries.
• The increase in real wages and inbound demand are also contributing to the growth of non-manufacturing industries.
• The continuation of record high profits is expected for the next fiscal year as well, with an estimated 8.6% increase in operating profits.

Source

bloomberg.co.jp

Improvement of Corporate Governance

• Japanese companies have been implementing corporate governance reforms to improve transparency and accountability.
• This has led to increased investor confidence and attracted more foreign investment into the Japanese market.
• The government has also introduced new regulations to encourage companies to prioritize shareholder interests and improve their overall performance.

Source

bloomberg.co.jp

Corporate Governance Improvement as Key Theme for Japanese Market

• According to a survey by Bank of America, one-third of fund managers consider corporate governance improvement as the most important theme for the Japanese market.
• Analysts suggest that the Tokyo Stock Exchange's plan to review TOPIX will put pressure on corporate governance reform.
• The improvement of corporate governance is seen as a factor in the market's growth and investor optimism about Japanese companies.

Source

bloomberg.co.jp

Corporate Governance Reform in Japanese Companies

• Goldman Sachs' Chief Japan Equity Strategist, Bruce Kirk, notes that Japanese companies are still very eager to respond to pressure for corporate governance reform from the Tokyo Stock Exchange.
• The improvement of corporate governance has been a contributing factor to the market's growth.
• This pressure for reform is likely to continue as investors remain optimistic about Japan's economic recovery.

Source

bloomberg.co.jp

Small-cap stocks experience volatility amid TOPIX review

• The TOPIX index's rise has prompted a review of its composition, with a focus on increasing the representation of small-cap stocks.
• As a result, small-cap stocks have experienced significant price fluctuations, with some companies facing the risk of being removed from the index.
• The review has also highlighted the challenges faced by small-cap companies in terms of corporate governance and capital efficiency.

Source

bloomberg.co.jp

Top gainers and losers in the Tokyo Stock Exchange

• 29 out of 33 sectors in the TSE saw an increase in their stock prices, with non-ferrous metals being the top gainer and other products being the top loser.
• Advantest, Toyota Motor, Mitsui OSK Lines, Renesas Electronics, and Sumitomo Metal Mining were among the companies with high trading volumes and stock prices.
• On the other hand, Kawasaki Heavy Industries saw a significant drop in its stock price due to the revelation of fictitious transactions related to a submarine repair contract with the Ministry of Defense.

Source

bloomberg.co.jp

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