[Nikkei Stock Average and TOPIX (Table)]

Nikkei Average; 40666.78; +86.02 TOPIX; 2882.81; +10.63 [Afternoon Investment Strategy] Since the progress of the yen's depreciation and the dollar's appreciation has eased with the dollar around 161.30 yen, it is unlikely that the government or the Bank of Japan will intervene in the market to buy yen. Since the US market is closed today for Independence Day, Tokyo's afternoon market is expected to be quiet due to fewer participants. We should pay attention to whether TOPIX will break its record high on a closing basis, but the market capitalization of the prime board had already expanded to 992 trillion yen at midday, approaching the milestone of reaching 1,000 trillion yen. Even though it seems difficult to achieve 1,000 trillion yen today, I believe that clearing milestones such as “TOPIX's record high” and “market capitalization of 1,000 trillion yen” will increase global interest in Japanese stocks with growing awareness of “exit deflation.”

TOPIX; 2882.81; +10.63

[Afternoon Investment Strategy]

Since the progress of the yen's depreciation and the dollar's appreciation has eased with the dollar around 161.30 yen, it is unlikely that the government or the Bank of Japan will intervene in the market to buy yen. Since the US market is closed today for Independence Day, Tokyo's afternoon market is expected to be quiet due to fewer participants. We should pay attention to whether TOPIX will break its record high on a closing basis, but the market capitalization of the prime board had already expanded to 992 trillion yen at midday, approaching the milestone of reaching 1,000 trillion yen. Even though it seems difficult to achieve 1,000 trillion yen today, I believe that clearing milestones such as “TOPIX's record high” and “market capitalization of 1,000 trillion yen” will increase global interest in Japanese stocks with growing awareness of “exit deflation.”