Outlook for the Tokyo Stock Market on the 8th: A rebound is expected, followed by a solid performance.

Expected Range: ¥52,000–¥58,000 (closing price on the 5th day: ¥54,918.70). The Tokyo stock market is likely to rebound and remain firm on the 8th. The Nikkei Stock Average is expected to open higher, driven by a recovery from the downturn seen on the 5th and gains in U.S. stocks on the same day. In the foreign exchange market, the dollar-yen rate is trading in the mid-155 yen range (154.62–63 yen at the close on the 5th), while the euro-yen rate is in the upper 180 yen range (180.34–38 yen), reflecting a weakening of the yen.

Kabushiki Shimbun06:47

BHP Enters Steel-Making Industry Consortium for Study to Assess Asia Carbon Capture, Utilization, Storage Hubs

MT NewswiresDec 5 14:37

Nippon Steel has obtained general design approval for the tank of a low-pressure liquefied carbon dioxide transport vessel.

Nippon Steel announced on the 5th that, in collaboration with Mitsubishi Shipbuilding, part of the Mitsubishi Heavy Industries Group, they have jointly developed a technology to use steel materials developed by Nippon Steel for tanks in low-pressure liquefied carbon dioxide transport ships, which eliminates the need for post-weld heat treatment (PWHT) through the use of ECA. They also received general design approval from the Japan Marine United Corporation (Nippon Kaiji Kyokai), located in Chiyoda-ku, Tokyo. The company stated that obtaining this general design approval represents a significant technological advancement achieved through the cooperation of both companies, ensuring the safety of low-pressure liquefied carbon dioxide tanks while enhancing economic efficiency.

Kabushiki ShimbunDec 5 13:28

The Nikkei Average rose by 731 yen, marking a significant third consecutive day of gains, while the TOPIX surpassed its all-time high on a closing basis as of the morning session four days ago.

In the morning session four days ago, the Nikkei Stock Average rose significantly by 731 yen and 56 sen compared to the previous day, closing at 50,596 yen and 24 sen, marking the third consecutive day of gains. The TOPIX (Tokyo Stock Price Index) also rebounded sharply, rising by 51.86 points to reach 3,386.18 points, surpassing its previous all-time high closing price of 3,381.72 points recorded on November 13. Expectations for interest rate cuts persisted in the U.S. market on the 3rd, with both the NY Dow and Nasdaq Composite Index continuing their upward trend. In the Tokyo market, the strong momentum from the previous day carried over due to the rise in U.S. stocks. The market continued to await further recovery.

Kabushiki ShimbunDec 4 11:00

The Japan Metal Industry Union has requested a record wage increase of at least 12,000 yen.

The Japan Metal Industries Federation of Labor Unions has demanded a minimum base salary increase of 12,000 yen in next year's wage negotiations, surpassing the record-breaking raise achieved in last year's talks. According to the union's final proposal, the requested raise matches last year’s demand, which ultimately resulted in an average salary increase of 10,169 yen—the highest since the union began setting base salary targets in 1998. Representing approximately 2 million manufacturing workers, including employees from Toyota, Panasonic, and Nippon Steel, the outcome of Japan's annual wage increases remains a key focus for the Bank of Japan. Governor Kazuo Ueda has indicated that, this month,

AASTOCKSDec 3 16:37

Nippon Steel and Fudo Tetra have jointly developed the ground improvement material 'GeoChanger'.

Nippon Steel <5401.T> announced on the 3rd that it has jointly developed with Fudo Tetra <1813.T> a ground improvement material called "GeoChanger," exclusively for use in the compacted sand pile method to counteract soil liquefaction. The material utilizes steelmaking slag, a byproduct of the steel production process, which serves as an eco-friendly resource enabling energy savings, resource conservation, and carbon dioxide reduction. When mixed with construction-generated soil, GeoChanger facilitates its application in the compacted sand pile method.

Kabushiki ShimbunDec 3 12:27