The Japanese NIKKEI Stock Market Closed Up 16% Near 30 Year Highs

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    Japan’s Blue Chip Nikkei 225 ended the…



    Japan’s Nikkei Equities Index sank 3.4% (up 0.8% y-t-d).

    Japan’s #Nikkei Equities Index fell this past week 3.4% leaving it up just 0.8% y-t-d after rising 16% higher in 2020 at hitting 30 year highs in January.


    BOJ “Summary of Opinions” of the Monetary Policy Meeting on March 18 and 19 – full text

    The Bank of Japan ‘summary’ precedes the minutes by months.

    Headlines via Reuters:

    ensuring current policy framework can be sustained in stable fashion is important in pledging to keep monetary policy loose
    BOJ can show in advance steps to mitigate side-effects that may arise if it were to ease policy further
    BOJ must heighten transparency of its policy by clarifying band at which it allows long-term yields to fluctuate
    desirable to give long-term yields flexibility to move up and down 0.25% around BOJ’s target from standpoint of stabilising market pricing
    BOJ must rigidly apply new range around its yield target partly by using its new market operation tool
    desirable for BOJ to buy ETFs in flexible manner
    BOJ’s commitment on monetary base plays key role in showing its determination it won’t easily head toward exit from ultra-loose policy
    appropriate for BOJ to tweak its commitment to clarify what action it will take in achieving price target


    Nomura shares down around 14% after huge losses in US prime brokerage unit of over $2 Billion from US client.

    – SoftBank down over 2%
    – Cancelled its planned sale of USD-denominated bonds
    – Archegos Capital liquidation of $15-$20 billion Friday


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