On August 1st, the Nikkei 225 closed up 0.64% at 27980.5 points.
As rising prices and supply disruptions hurt output and new orders, the final value of manufacturing PMI in Japan fell to 52.1in July from 52.7in the previous month, marking the slowest growth since September last year and indicating that there is still some way to go for a solid economic recovery after the epidemic. Japanese Prime Minister Fumio Kishida said on July 31 that the downgrade of COVID-19 's infectious disease level would be discussed after the current seventh wave of the epidemic in Japan. Japan seeks to raise the minimum hourly wage by at least 30 yen; at an interim cabinet meeting held a few days ago, the Japanese government adopted the basic policy for all provincial offices to submit initial budget requirements for fiscal year 2023 to the Ministry of Finance, and the meeting decided that the defense fee will be taken as a special case without upper limit.
Consumer services and trade stocks rose 2.31 per cent and 2.24 per cent, Walt Disney Company operator Oriental Land rose 4.22 per cent, Rakuten rose 2.6 per cent and Mitsubishi rose 2.86 per cent.
Chemical and steel stocks rose 2.11% and 1.9%, Xinyue Chemical rose 2.86%, Ribang Coatings rose 2.77%, Toyota Trading rose 4.1%, and Nippon Steel rose 1.7%.
Public utilities shares fell 1.38%, Kansai Electric Power fell 3.04%, Tepco fell 2.49%, and Tokyo Gas rose 1.26%.
In terms of individual stocks, Sony Group Corp fell 3.21% due to a cut in its full-year profit guidance, while Fujitsu fell 6.62% after reporting a 24% drop in profits.
As rising prices and supply disruptions hurt output and new orders, the final value of manufacturing PMI in Japan fell to 52.1in July from 52.7in the previous month, marking the slowest growth since September last year and indicating that there is still some way to go for a solid economic recovery after the epidemic. Japanese Prime Minister Fumio Kishida said on July 31 that the downgrade of COVID-19 's infectious disease level would be discussed after the current seventh wave of the epidemic in Japan. Japan seeks to raise the minimum hourly wage by at least 30 yen; at an interim cabinet meeting held a few days ago, the Japanese government adopted the basic policy for all provincial offices to submit initial budget requirements for fiscal year 2023 to the Ministry of Finance, and the meeting decided that the defense fee will be taken as a special case without upper limit.
Consumer services and trade stocks rose 2.31 per cent and 2.24 per cent, Walt Disney Company operator Oriental Land rose 4.22 per cent, Rakuten rose 2.6 per cent and Mitsubishi rose 2.86 per cent.
Chemical and steel stocks rose 2.11% and 1.9%, Xinyue Chemical rose 2.86%, Ribang Coatings rose 2.77%, Toyota Trading rose 4.1%, and Nippon Steel rose 1.7%.
Public utilities shares fell 1.38%, Kansai Electric Power fell 3.04%, Tepco fell 2.49%, and Tokyo Gas rose 1.26%.
In terms of individual stocks, Sony Group Corp fell 3.21% due to a cut in its full-year profit guidance, while Fujitsu fell 6.62% after reporting a 24% drop in profits.
