TOKYO (Reuters) – Japan’s Nikkei stock average is expected to continue to fall on the Tokyo stock market today. In the US market the day before, the three major indexes fell all together due to recession fears, and Japanese stocks are also expected to sell ahead. On the other hand, despite the appreciation of the yen, there is a possibility that export-related stocks will be repurchased because they are undervalued.
The expected range for the Nikkei Stock Average is 26,200 yen to 26,400 yen.
In the US stock market on the previous day, the announcement of an index indicating that the labor supply and demand continued to be tight, causing concerns about an economic recession due to prolonged monetary tightening, and investor sentiment worsened. Disgusted by the lackluster corporate earnings, the major stock indices fell to the end of the trading session.
Continuing that trend, the Japanese stock market is expected to develop weakly today, but Ichiro Asai, deputy director of SBI Securities’ investment information department, said, “Export stocks that were sold the day before will be repurchased because they are cheap.” show. However, aggressive buying is likely to be restrained ahead of the weekend.
Today in Japan, the national consumer price index (CPI) for December will be announced, and Bank of Japan Governor Haruhiko Kuroda will speak at the Davos meeting. In addition, Tokyo Steel is scheduled to announce its financial results. In the United States, the number of existing home sales for December will be released.
Closing price of the previous business day Highest price since last year Low price since last year
Nikkei Average 26405.23 26816.68 25661.89
-385.89 2023/1/18 2023/1/4
Chicago Nikkei Stock Average Futures 26320 (Yen denominated)
