In today’s briefing:
- Ohayo Japan | Dow Closes at Record
- Japan Morning Connection: Bessent’s Nomination for Treasury Secretary Seen as Stabilizing Markets
- Japanese Megabanks’ Earnings Exceed Expectations – Stay on the Train?
Ohayo Japan | Dow Closes at Record
- US stocks closed near session highs on Friday, with the Dow Jones surging over 400 points
- Japan has set a new target to reduce greenhouse gas emissions by 60% by 2035, up from the current 46% reduction goal by 2030.
- Seven & i Holdings’ founding Ito family is exploring a potential takeover of the retail group, approaching US private equity investors for support
Japan Morning Connection: Bessent’s Nomination for Treasury Secretary Seen as Stabilizing Markets
- SMCI +11.6% has continued to surge higher lifting server related plays.
- Kirin’s partial sale of Kyowa Hakko Bio unlikely to met with much enthusiasm.
- Will a future test-time growth trajectory slowdown for Advantest dampen sentiment?
Japanese Megabanks’ Earnings Exceed Expectations – Stay on the Train?
- Earnings surpassed consensus expectations providing no pullback to allow entry
- Most operating metrics improved and all trends are goign in the right direction
- Capital management is top of mind for management with a common thread of increasing ROEs and PBRs
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