News & Insights

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.

[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.

[EXTERNAL LINK] Personnel movements in SuMi TRUST's London office (Sumitomo Mitsui Trust International) were featured in Wealth Briefing.

[EXTERNAL LINK] Chief Strategist Hiroyuki Ueno and Senior Strategist Katsutoshi Inadome's outlook for the Japanese economy in 2024 was featured in Wealth Briefing.

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.

[EXTERNAL LINK] SuMi TRUST's Katsutoshi Inadome recently commented on his expectations for the Bank of Japan's monetary policy in 2024.

[EXTERNAL LINK]  Hiroyuki Ueno, Senior Economist at SuMi TRUST, recently shared his perspective on the Bank of Japan's Tankan survey and what this means for the manufacturing sector in Japan.

The Japanese equity market rallied in November with TOPIX fall up by 5.4% and the Nikkei 225 up by 8.5%. The decline in both domestic and international long-term interest rates led to a rebound in growth stocks. Large cap stocks outperformed in the beginning of the month but small and mid cap stocks dominated towards the end of the month.