“Focus on ‘another buried gold’ in the Tokyo market!”
Yen depreciation due to the interest rate differential between Japan and the US supports Japanese stocks
The situation in the US market is strange. The NY Dow has stopped rising since mid-February, and the Nasdaq and S&P 500 started to stall in February and have not stopped falling.
On the other hand, as you know, the Tokyo market leveled off in February, but then surged in March.
What is the difference between the Japanese and US markets? The view on interest rates is the exact opposite. In the US, there is a growing possibility that interest rate hikes will be accelerated again, while in Japan, the next BOJ Governor Ueda has half promised to continue with large-scale monetary easing.
This difference is very large. This causes the dollar to appreciate and the yen to depreciate. The yen exchange rate, which once rose to the 127 yen level against the dollar, is now between 136 and 137 yen.
From an investment point of view, this is very favorable. Moreover, fortunately, criticism of the yen’s depreciation has almost disappeared recently. Those who favor a stronger yen seem to have no complaints as long as the yen remains between 130 and 140 yen, indicating that the yen is currently moving at a comfortable level.
Of course, the yen also appreciates from time to time. On the 10th, the Nikkei Stock Average fell by more than 500 yen at one point due to the rapid decline of the Dow Jones Industrial Average and the weakening of the yen. Think of it as temporary rather than permanent.
Attractive fashion stocks
In addition, in the Tokyo market, dividend-collecting investments continue until near the end of the month. This is very impactful and will continue to buy not only stocks with dividend yields above 4%, but also stocks with dividend yields in the 3% range. Buying with the aim of taking dividends is intense.
For this reason, today, it may be “high dividend stocks to search for buried gold in the Tokyo market,” but in reality, “hidden gold” is buried in other areas as well.
where? It’s the world of fashion. Spring has arrived, the corona crisis is gradually fading, and some companies are doing well. Some companies have increased their salaries, even though they are not enough, and my feelings are getting brighter. This will give you more time to pay attention to fashion.
Naturally, the stock prices of companies that can meet such desires and needs will gradually rise, so in my opinion, investment attractiveness will increase.
Specifically, ABC Mart, the largest retailer of shoes, <2670> [東証Ｐ]become. Some people may buy new leather shoes, but more people are likely to buy sneakers.People who like sports will be “running shoes”, so Asics <7936> [東証Ｐ]is also an investment target.
how about glasses?Of course, the number of new customers will increase, so Paris Miki Holdings <7455> [東証Ｐ]JINS HOLDINGS <3046> [東証Ｐ]OK.
However, fashion is mainly fashionable clothes, and there are many related companies.So, although the brand power was high, it was in a predicament due to the corona disaster, but now it is on the way to revival. <8016> [東証Ｐ]Sanyo Shokai <8011> [東証Ｐ],world <3612> [東証Ｐ]Look Holdings <8029> [東証Ｓ]will become four companies.
And another company. PAL Group Holdings, which continues to make rapid progress and grow even in the corona crisis <2726> [東証Ｐ]There is The company, CIAOPANIC, is full of women, which is likely to boost the stock price.
With spring breezes blowing in the Tokyo market, let’s turn our attention to fashion stocks.
March 10, 2023 Diary
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