JPMorgan: Risk of Bank of Japan rate hike in September has risen significantly

JPMorgan believes that the Japanese government's tax cuts and expanded fiscal support could boost demand and intensify inflationary pressures, further reinforcing the Bank of Japan's case for tightening monetary policy. Although the probability of a rate hike in September has increased, the bank maintains its call for an October hike, as acting earlier could trigger market bets on consecutive rate hikes, forcing the central bank to deviate from its gradualist approach.

wallstreetcnAug 7 19:06

TOKAI---Disposition of Treasury Shares Related to Stock Grant Trust BBT

TOKAI Holdings <3167> announced on the 6th that it will dispose of its treasury shares in connection with an additional contribution to the Share Benefit Trust (BBT (Board Benefit Trust)). This disposal of treasury shares involves making an additional cash contribution to enable the Trust to acquire shares anticipated to be required for future benefit payouts, and transferring them to Japan Custody Bank (Trust Account E), a subsidiary of Mizuho Financial Group <8411>, which has received a sub-trust from the trustee.

Fisco JapanAug 7 19:18

The market is on a recovery track, driven by buying of stocks with strong earnings, among other factors.

The Nikkei average edged lower for a second consecutive session, closing down 76.55 yen at 65,606.71 with an estimated trading volume of 2.87 billion shares. In early trading, short-covering buying led the market amid a rebound from the previous day's decline. Shortly after the opening, the Nikkei rose to 65,990.72. However, SoftBank Group <9984> faced selling pressure after announcing its earnings after the previous day's close. Lasertec <6920> also plunged after reporting earnings that fell short of market expectations, prompting broader selling in semiconductor and AI-related stocks, as well as Fuji Fi...

Fisco JapanAug 7 15:20

Haseko, ZOZO, and Others (Added) Rating

Upgrades - Bullish Code Stock Name Brokerage Previous Revised------------------------------------------------------------<4188> Mitsubishi Chemical GSBI "Neutral" "Buy" <4483> JMDC Tokai Tokyo "Neutral" "Outperform" Downgrades - Bearish Code Stock Name Brokerage Previous Revised-----------------------------------------------

Fisco JapanAug 7 13:14

Assess the underlying strength of semiconductor and AI-related stocks.

[Equity Opening Comment] On the 7th, the Japanese stock market is expected to see dip-buying amid a backdrop of profit-taking following the sell-off in U.S. equities. In the U.S. market on the 6th, Dow Inc fell 464 dollars, and Nasdaq dropped 15 points. According to a draft agreement between Iran and Oman aimed at reopening the Strait of Hormuz, the proposal includes provisions barring the passage of U.S. and Israeli vessels. With an agreement appearing out of reach, rising crude oil futures prices weighed on the market. The U.S. Federal Reserve (FRB)

Fisco JapanAug 7 07:28

Toyota Motor, Mitsui Fudosan, and Others [List of Stock Catalysts from Newspapers]

*Toyota Motor <7203> plans global production of over 10 million units next year, with 3.5 million units domestically, to maintain its supply chain (Nikkan Kogyo, p. 3)-○*Fujifilm Holdings <4901> to spin off multifunction printer subsidiary, eyeing an IPO (Nikkan Kogyo, p. 3)-○*JAPEX <1662> to acquire U.S. shale oil and gas assets for 50 billion yen (Nikkan Kogyo, p. 3)-○*Mitsui Mining & Smelting <5706> postpones integration of copper concentrate procurement business with Mitsubishi Materials and others (Nikkan Kogyo, p. 3)-○*Mitsui Fudosan <8801> physical...

Fisco JapanAug 7 07:26