[Tokyo 18th Archyde.com]-
It can be said that the reaction to the decision to maintain the status quo is as expected, with the yen depreciating and stock prices rising. Investors who missed the rally in stocks will also join in, and the stock price could be high for several days. The Nikkei average may exceed 27,000 yen if the tailwind of the rise in US stocks is added.
On the other hand, this decision also gave speculators another chance. With the status quo maintained, speculation about future policy revisions continues to smolder. With the announcement of the US Federal Open Market Committee (FOMC) results (February 1) and speculation about the appointment of the new governor of the Bank of Japan, it is not surprising that there will be another upheaval.
After the announcement of the meeting results, bank stocks were sold off as speculation about the BOJ changing its stance cooled. It seems that there is also an impact that the financial results of US banks are not doing well. However, the valuation was low and there was also an aspect that it was bought because of the attractive dividend yield. In this respect, unlike U.S. banks, there is not much room for the price to fall.
Export stocks rose on the back of the yen’s depreciation, but the market’s view of the future of China’s business is divided, and there is a possibility that the stock price will be suppressed in the future.