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In March Japanese equities continued their strong performance. The Nikkei 225 briefly reached the 41,000 yen level before returning to hover around the 40,000 yen mark. Gains were centred around large cap value stocks with foreign investors remaining net buyers of Japanese equities for the third month running.
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Japan's Monetary Policy Takes a Turn
Date: 19th March 2024
[EXTERNAL LINK] SuMi TRUST's Chief Strategist, Katsutoshi Indome's comments on the Bank of Japan's monetary policy shed light on the direction of Japan's economy.
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Market Review for February 2024
Date: 4th March 2024
In February Japanese equities performed unprecedentedly well, bringing the Nikkei 225 to a historical high of 39,426 yen on the 27th February. This surge was primarily driven by positive corporate earnings announcements and the expectations for continuous monetary easing policies. Foreign investor trading volume continued to be high for the second month running, which was a supporting factor for the market.
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SuMi TRUST expands assets abroad on Middle East mandates
Date: 5th February 2024
[EXTERNAL LINK] In an article with Nikkei Asia, Yoshio Hishida, chief executive officer at Sumitomo Mitsui Trust Asset Management, discusses SuMi TRUST's presence in the Middle Eastern region, which accounts for 90% of the firm's assets from overseas.
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Market Review for January 2024
Date: 2nd February 2024
In January, Japanese equities rebounded in price due to a weaker yen and higher U.S. stock prices. The TOPIX surged by 7.8% to its highest point in the past 2 months, while the Nikkei 225 reached the 36,000-yen level, up by 8.4%. Growth factors dominated towards the beginning of the month, but were overtaken by value factors in the latter half of the month. Meanwhile large cap stocks outperformed this month.
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Bank of Japan Maintains Ultra-loose Policies
Date: 24th January 2024
[EXTERNAL LINK] BoJ Policy Meeting results in decision to maintain Japan's ultra-loose monetary policy, in line with senior strategist Katsutoshi Inadome's comments.
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Hirofumi Hayashi becomes Head of Investment Management in London
Date: 11th January 2024
[EXTERNAL LINK] Personnel movements in SuMi TRUST's London office (Sumitomo Mitsui Trust International) were featured in Wealth Briefing.
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Japanese Stock Market Can Scale New Heights
Date: 5th January 2024
[EXTERNAL LINK] Chief Strategist Hiroyuki Ueno and Senior Strategist Katsutoshi Inadome's outlook for the Japanese economy in 2024 was featured in Wealth Briefing.
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Market Review for December 2023
Date: 2nd January 2024
The Japanese equity market swayed back and forth in December with TOPIX ending the month down by 0.4% and the Nikkei 225 down by 0.1%. Value factors dominated towards the beginning of the month but growth factors overtook in the latter half of the month. Meanwhile small and mid cap stocks performed well throughout the month.