Japan Specialist

Mark Chadwick

Thematic (Sector/Industry)

<ul>
<li>OVERSEAS.  SPX -2% overnight to close below key 4090 suport;  Bonds sell off, USD Bid as cyclicals hit on sticky inflation view; Walmart, Home Depot downbeat outlook hits Sentiment </li>
<li>JAPAN. NKY Futs -0.8% vs Cash; USDJPY weakens to 135; Inflation here too as JGB 10Y breaches 0.5%;  Toyota EV Move;  Japan Condo px-es hit records; Bullish Machinery Sector Upgrades</li>
<li>DAILY NUGGET. Toyota EV shift has started. Rather than Toyota, watch the supply chain - Denso in particular stands to benefit.</li>
</ul>


OVERSEAS.  SPX -2% overnight to close below key 4090 suport;  Bonds sell off, USD Bid as cyclicals hit on sticky inflation view; Walmart, Home Depot downbeat outlook hits Sentiment 
JAPAN. NKY Futs -0.8% vs Cash; USDJPY weakens to 135; Inflation here too as JGB 10Y breaches 0.5%;  Toyota EV Move;  Japan Condo px-es hit records; Bullish Machinery Sector Upgrades
DAILY NUGGET. Toyota EV shift has started. Rather than Toyota, watch the supply chain - Denso in particular stands to benefit.


Good Morning Japan | SPX Plunges Below Key 4000 on Inflation Fears; Toyota EV Shift Begins NOW

<ul>
<li>OVERSEAS. SPX Rise as Cycicals/Tech bid; Higher Rates; Strong USD, No problem !   Market seems to have concluded that higher rates+strong economy is a workable outcome.</li>
<li>JAPAN. NKY Futs +0.4% vs Cash; USDJPY weakens to 134.1; Weak Yen Narrative to dominate; Do not say to "Mr Yen" who sees 120 ;  BULLISH Inbound but priced in</li>
<li>DAILY NUGGET. BayCurrent Consulting (6532) - Still lot of tailwinds..still BULLISH.</li>
</ul>


OVERSEAS. SPX Rise as Cycicals/Tech bid; Higher Rates; Strong USD, No problem !   Market seems to have concluded that higher rates+strong economy is a workable outcome.
JAPAN. NKY Futs +0.4% vs Cash; USDJPY weakens to 134.1; Weak Yen Narrative to dominate; Do not say to "Mr Yen" who sees 120 ;  BULLISH Inbound but priced in
DAILY NUGGET. BayCurrent Consulting (6532) - Still lot of tailwinds..still BULLISH.


Good Morning Japan |GOLDILOCKS?: Higher Rates, Strong USD=Higher Equities; In JP, Mr Yen Says 120

<ul>
<li>OVERSEAS.  SPX  stays positive; Energy leads as Russia cuts oil production; CPI print in focus - as market looks for Fed Pause clues; TEREX - solid print/outlook..what Recession?</li>
<li>JAPAN. NKY Fut -0.3% vs Cash;  USDJPY 131.36; Shock at Professor Ueda as BOJ Gov; Yen rallies then weakens post his Presser;  Govt to guarantee 15% margins for Defense suppliers?</li>
<li>DAILY NUGGET. Fun take - ChatGPT on BOJ Governor to be Kazuo Ueda.</li>
</ul>


OVERSEAS.  SPX  stays positive; Energy leads as Russia cuts oil production; CPI print in focus - as market looks for Fed Pause clues; TEREX - solid print/outlook..what Recession?
JAPAN. NKY Fut -0.3% vs Cash;  USDJPY 131.36; Shock at Professor Ueda as BOJ Gov; Yen rallies then weakens post his Presser;  Govt to guarantee 15% margins for Defense suppliers?
DAILY NUGGET. Fun take - ChatGPT on BOJ Governor to be Kazuo Ueda.


Good Morning Japan |SPX Hangs on Ahead of Key CPI Print; BOJ Gov Candidate Shocker->ChatGPT's View

<ul>
<li>Global stocks generally headed lower in the week as investors fretted about the prospect of further Fed tightening. </li>
<li>Japanese stocks eked out a small gain on strong domestic earnings and robust corporate outlooks. </li>
<li>The yen strengthened after it was reported that Kazuo Ueda will be appointed as the next BoJ Governor. He is generally considered more hawkish than his predecessor. </li>
</ul>


Global stocks generally headed lower in the week as investors fretted about the prospect of further Fed tightening. 
Japanese stocks eked out a small gain on strong domestic earnings and robust corporate outlooks. 
The yen strengthened after it was reported that Kazuo Ueda will be appointed as the next BoJ Governor. He is generally considered more hawkish than his predecessor. 


<ul>
<li>OVERSEAS.  Back to Macro US Equities Refocus on Rate rises; SPX breaches 4100 support; US 2Yr Yields hit 2.5% - need to watch this;  TESLA back as shares Px doubles! </li>
<li>JAPAN. NKY Futs -0.2% vs Cash; USDJPY 131.62; New BOJ Governor nominees  by Feb 14; Apple/Google warned  by Japan FTC;  Earnings Festival: Positive TEL; Renesas; Nippon Steel </li>
<li>DAILY NUGGET. Chart of the Day: Tokyo Electron(8035) share price has underperformed vs US Peer AMAT. BTE Results could close the Gap</li>
</ul>


OVERSEAS.  Back to Macro US Equities Refocus on Rate rises; SPX breaches 4100 support; US 2Yr Yields hit 2.5% - need to watch this;  TESLA back as shares Px doubles! 
JAPAN. NKY Futs -0.2% vs Cash; USDJPY 131.62; New BOJ Governor nominees  by Feb 14; Apple/Google warned  by Japan FTC;  Earnings Festival: Positive TEL; Renesas; Nippon Steel 
DAILY NUGGET. Chart of the Day: Tokyo Electron(8035) share price has underperformed vs US Peer AMAT. BTE Results could close the Gap


Good Morning Japan |Equity Losses Again on Rate Hike Refocus;Japan Earnings Deluge>500 Stocks on Tap

Japan

Renesas Electronics Corporation researches, develops, designs and manufactures electronic components such as semiconductors and integrated devices.

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Renesas Electronics (6723 JP)

Good Morning Japan | SPX Plunges Below Key 4000 on Inflation Fears; Toyota EV Shift Begins NOW

US back with a inflation fear driven equity sell off; USDJPY weakens to 135; JGB 10Y breaches 0.5% as BOJ gets tested; Toyota EV Move; JP Condo...

Mark Chadwick

Good Morning Japan |GOLDILOCKS?: Higher Rates, Strong USD=Higher Equities; In JP, Mr Yen Says 120

NKY Futs +0.4% vs Cash; USDJPY weakens to 134.1. Weak yen to dominate today as strong US macro datapoints drive up the USD. A strong US economy...

Mark Chadwick

Good Morning Japan |SPX Hangs on Ahead of Key CPI Print; BOJ Gov Candidate Shocker->ChatGPT's View

US CPI in focus; BOJ Surprise Nominee - do not expect anything revolutonary. After Gov designate Ueda's news conference on Friday, that market has...

Mark Chadwick

Japan Weekly | Renesas, Mercari, Charts

Japanese stocks eked out a small gain on strong domestic earnings and robust corporate outlooks. We highlight the stocks that are moving the market...

Mark Chadwick

Good Morning Japan |Equity Losses Again on Rate Hike Refocus;Japan Earnings Deluge>500 Stocks on Tap

INFLATION FEARS (AGAIN) ; New BOJ Governor nominees to be presented on Feb 14 ; Apple/Google warned by Japan FTC; Earnings Festival: Positive...

Mark Chadwick

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