Japan Specialist

Mark Chadwick

Thematic (Sector/Industry)

<ul>
<li>U.S. stocks ended mixed on Tuesday as investors assessed rising Treasury yields and concerns over deficit spending post-election</li>
<li>Ahead of Japan's October 27 election, PM Ishiba and major parties pledge to raise minimum wage to 1,500 yen ($9.94) by 2029, a 40% increase from current 1,054 yen</li>
<li>Aerospace stocks generally weaker overnight despite relatively strong results. GE Aerospace (-9%), Lockheed Martin (-6%) and RTX (-1%). </li>
</ul>


U.S. stocks ended mixed on Tuesday as investors assessed rising Treasury yields and concerns over deficit spending post-election
Ahead of Japan's October 27 election, PM Ishiba and major parties pledge to raise minimum wage to 1,500 yen ($9.94) by 2029, a 40% increase from current 1,054 yen
Aerospace stocks generally weaker overnight despite relatively strong results. GE Aerospace (-9%), Lockheed Martin (-6%) and RTX (-1%). 


Ohayo Japan | Concerns over Deficit Spending Post-Election

Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

<ul>
<li>Further PM Ishiba flip-flopping on his previously hawkish rates policy, set to catch markets wrong footed today.</li>
<li>Homebuilders may face a bigger fallout than expected from hurricane Helene given the potential to squeeze margins as materials and workers are prioritized for emergency efforts.</li>
<li>Exporters including autos, R/E and tourism related names should see renewed interest on the weak yen.</li>
</ul>


Further PM Ishiba flip-flopping on his previously hawkish rates policy, set to catch markets wrong footed today.
Homebuilders may face a bigger fallout than expected from hurricane Helene given the potential to squeeze margins as materials and workers are prioritized for emergency efforts.
Exporters including autos, R/E and tourism related names should see renewed interest on the weak yen.


Japan Morning Connection: Exporters to Jump on the Weak Yen

<ul>
<li>Profit taking hit tech/semi's as tensions rapidly escalate in the Middle East, causing defense and oil related names to move higher</li>
<li>NEC remains overlooked as a defence play in Japan despite the MoD's growing for budget for electronic warfare and satellite defence capabilities</li>
<li>Renewables in the US are leading the way YTD, although Japan is far behind the curve despite PM Ishiba being a pro wind/solar and hawkish towards nuclear.</li>
</ul>


Profit taking hit tech/semi's as tensions rapidly escalate in the Middle East, causing defense and oil related names to move higher
NEC remains overlooked as a defence play in Japan despite the MoD's growing for budget for electronic warfare and satellite defence capabilities
Renewables in the US are leading the way YTD, although Japan is far behind the curve despite PM Ishiba being a pro wind/solar and hawkish towards nuclear.


Japan Morning Connection: NEC Overlooked as a Defence Play

<ul>
<li>Plenty of Ishiba trades to pickup this morning after yesterday's panic.</li>
<li>Defence related saw some initial profit taking after pricing in some gains, but KHI and NEC remain attractive on the long side.</li>
<li>Selective Inbound tourism, domestic revitalization, and China plays should snap back fairly quickly with Ishiba unlikely to upset voters ahead of elections.</li>
</ul>


Plenty of Ishiba trades to pickup this morning after yesterday's panic.
Defence related saw some initial profit taking after pricing in some gains, but KHI and NEC remain attractive on the long side.
Selective Inbound tourism, domestic revitalization, and China plays should snap back fairly quickly with Ishiba unlikely to upset voters ahead of elections.


Japan Morning Connection: Selective Rebound Expected After Yesterday's Panic

<ul>
<li>Japan set to tick higher with more cuts on the horizon and markets mostly unchanged after yesterdays holiday.</li>
<li>6758 Sony announced a ‘State of Play’ where it will showcase 20 upcoming PS5 and PS VR2 games from 3rd party studios a day ahead of the Tokyo Games Show.</li>
<li>Defence names may be in focus after Japan fighters fired flares at a Russian military plane which violated Japanese airspace three times off Hokkaido on Monday afternoon.</li>
</ul>


Japan set to tick higher with more cuts on the horizon and markets mostly unchanged after yesterdays holiday.
6758 Sony announced a ‘State of Play’ where it will showcase 20 upcoming PS5 and PS VR2 games from 3rd party studios a day ahead of the Tokyo Games Show.
Defence names may be in focus after Japan fighters fired flares at a Russian military plane which violated Japanese airspace three times off Hokkaido on Monday afternoon.


Japan Morning Connection: Watch Defence Names After Russian Violation

Japan

Mitsubishi Heavy Industries, Ltd. is a comprehensive heavy machinery maker. The Company manufactures machinery, ships, turbines and engines, prime movers, aircrafts, and machine parts for military and commercial use.  Mitsubishi Heavy Industries also researches and develops nuclear power plants.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Mitsubishi Heavy Industries (7011 JP)

Ohayo Japan | Concerns over Deficit Spending Post-Election

U.S. stocks mixed on rising Treasury yields and deficit concerns, Japan's PM pledges to raise minimum wage, aerospace stocks weaker despite strong...

Mark Chadwick

Japan Morning Connection: Exporters to Jump on the Weak Yen

PM Ishiba's policy shift could surprise markets, hurricane Helene may impact homebuilders more than expected, and exporters such as autos and...

Andrew Jackson

Japan Morning Connection: NEC Overlooked as a Defence Play

Middle East tensions cause defense/oil stocks to rise; NEC undervalued in Japan defense sector; US leads in renewables, Japan lags behind despite...

Andrew Jackson

Japan Morning Connection: Selective Rebound Expected After Yesterday's Panic

Opportunities in Ishiba trades this morning, particularly in defence-related stocks, inbound tourism, domestic revitalization, and China plays.

Andrew Jackson

Japan Morning Connection: Watch Defence Names After Russian Violation

Japan's market set to rise, Sony to showcase upcoming games, and defense sector in focus after Japan fires flares at Russian plane violating...

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Ohayo Japan | Concerns over Deficit Spending Post-Election

​U.S. stocks mixed on rising Treasury yields and deficit concerns, Japan's PM pledges to raise minimum wage, aerospace stocks weaker despite strong...

Mark Chadwick

Japan Morning Connection: Exporters to Jump on the Weak Yen

​PM Ishiba's policy shift could surprise markets, hurricane Helene may impact homebuilders more than expected, and exporters such as autos and...

Andrew Jackson

Japan Morning Connection: NEC Overlooked as a Defence Play

Middle East tensions cause defense/oil stocks to rise; NEC undervalued in Japan defense sector; US leads in renewables, Japan lags behind despite...

Andrew Jackson

Japan Morning Connection: Selective Rebound Expected After Yesterday's Panic

Opportunities in Ishiba trades this morning, particularly in defence-related stocks, inbound tourism, domestic revitalization, and China plays.

Andrew Jackson

Japan Morning Connection: Watch Defence Names After Russian Violation

​Japan's market set to rise, Sony to showcase upcoming games, and defense sector in focus after Japan fires flares at Russian plane violating...

Andrew Jackson

U.S. stocks mixed on rising Treasury yields and deficit concerns, Japan's PM pledges to raise minimum wage, aerospace stocks weaker despite strong...

PM Ishiba's policy shift could surprise markets, hurricane Helene may impact homebuilders more than expected, and exporters such as autos and...

Japan's market set to rise, Sony to showcase upcoming games, and defense sector in focus after Japan fires flares at Russian plane violating...