Equity Derivatives Broker - Delta One Japan, Vantage Capital Markets Japan

François-Xavier Pustoc'h

Equity Derivatives Broker - Delta One Japan

Independent Financial Broker

Vantage Capital Markets Japan

We provide world class financial solutions to our extensive institutional client base including rapidly growing corporations, leading investment banks, commercial banks, asset managers, private equity funds, family offices and hedge funds.

Our services include capital market offerings and placements, wholesale brokerage and execution of cash and derivative products (both listed and OTC) across a range of asset classes.

VCM has offices in London, Hong Kong, Tokyo and Dubai from where we service our global client base. Our strength lies in the experience and quality of our teams, supported by excellent operations and infrastructure.

Index Rebalance

<ul><li>Rebalancing Candidates ADD: Kokusai Electric (6525 JP): High Liquidity Group TOP 75, Shift Inc (3697 JP) Consumer Goods, Pan Pacific International (7532.T) Consumer Goods</li><li>Rebalancing Candidates DEL: Okuma Corp (6103 JP): Low Liquidity Group &lt; 450, Kanadevia Corp. (7004.T), Tokuyama Corp (4043.T)</li><li>Capping Ratio: Fast Retailing Co Ltd (9983.T)’s NKY weight is currently 9.65% below 10% weight cap threshold.</li></ul>

Rebalancing Candidates ADD: Kokusai Electric (6525 JP): High Liquidity Group TOP 75, Shift Inc (3697 JP) Consumer Goods, Pan Pacific International (7532.T) Consumer GoodsRebalancing Candidates DEL: Okuma Corp (6103 JP): Low Liquidity Group &lt; 450, Kanadevia Corp. (7004.T), Tokuyama Corp (4043.T)Capping Ratio: Fast Retailing Co Ltd (9983.T)’s NKY weight is currently 9.65% below 10% weight cap threshold.

Nikkei 225 Stock Average Rebalancing – June 2025

Equity Derivatives

<ul><li>Steepening of the dividend curve this week despite geopolitical tensions                    </li><li>Volumes were very low with 344 lots trading (109x on 2025, 235x on 2026).</li><li>Nikkei Dividend Yield is now 2.08%                             </li></ul>

Steepening of the dividend curve this week despite geopolitical tensions                    Volumes were very low with 344 lots trading (109x on 2025, 235x on 2026).Nikkei Dividend Yield is now 2.08%                             

VCM: Nikkei Dividends Update (Jun 13th – Jun 20th)

Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

<ul>
<li>Japan PM Ishiba says disagreements remain with US on tariff talk. This is probably the main catalyst that could slow down the current <a href="https://www.smartkarma.com/entities/nikkei-225" target="_blank" data-smartkarma-citation="entities:22909:1" rel="noopener">Nikkei 225 (NKY INDEX)</a> rally.</li>
<li>Our WEEKLY <a href="https://www.smartkarma.com/entities/nikkei-225" target="_blank" data-smartkarma-citation="entities:22909:1" rel="noopener">Nikkei 225</a> model signals a mildly overbought status, the index could go higher, but will face harder resistance in 1-2 weeks from now.</li>
<li>We don't see the Nikkei pulling back this week, we think it will close this week up.</li>
</ul>


Japan PM Ishiba says disagreements remain with US on tariff talk. This is probably the main catalyst that could slow down the current Nikkei 225 (NKY INDEX) rally.
Our WEEKLY Nikkei 225 model signals a mildly overbought status, the index could go higher, but will face harder resistance in 1-2 weeks from now.
We don't see the Nikkei pulling back this week, we think it will close this week up.


Nikkei 225 Outlook And Profit Targets Amid Uncertainty Over Japan-US Tariff Negotiations

<ul><li>Steepening of the dividend curve this week.                                                                     </li><li>Volumes were very low with 380 lots trading (225x on 2026).</li><li>Nikkei Dividend Yield is now 2.10%</li></ul>

Steepening of the dividend curve this week.                                                                     Volumes were very low with 380 lots trading (225x on 2026).Nikkei Dividend Yield is now 2.10%

Nikkei Dividends Update (Jun 9th – Jun 16th)

Derivatives and Quantitative Strategist

Gaudenz Schneider

Event-Driven

<ul>
<li>With Japan’s policy rate at 0.5% and the last hike in January 2025, markets are closely watching the BoJ’s next move on June 17.</li>
<li>Historical data shows limited market impact from anticipated rate decisions—but rare surprises, like the July 2025 hike, have triggered outsized index reactions.</li>
<li>While historical data and current option pricing suggest the June BoJ decision is unlikely to move markets significantly, investors should be aware of low-probability tail risk when positioning.</li>
</ul>


With Japan’s policy rate at 0.5% and the last hike in January 2025, markets are closely watching the BoJ’s next move on June 17.
Historical data shows limited market impact from anticipated rate decisions—but rare surprises, like the July 2025 hike, have triggered outsized index reactions.
While historical data and current option pricing suggest the June BoJ decision is unlikely to move markets significantly, investors should be aware of low-probability tail risk when positioning.


Bank of Japan's June Policy Decision: A Non-Event for Markets?

Japan

The Nikkei-225 Stock Average is a price-weighted average of 225 top-rated Japanese companies listed in the First Section of the Tokyo Stock Exchange. The Nikkei Stock Average was first published on May 16, 1949, where the average price was ¥176.21 with a divisor of 225. 

Nikkei 225 (NKY INDEX)

Nikkei 225 Stock Average Rebalancing – June 2025

Rebalancing Candidates ADD: Kokusai Electric (6525 JP): High Liquidity Group TOP 75, Shift Inc (3697 JP) Consumer Goods, Pan Pacific International...

Vantage Capital Markets Japan

VCM: Nikkei Dividends Update (Jun 13th – Jun 20th)

Steepening of the dividend curve this week despite geopolitical tensions Volumes were very low with 344 lots trading (109x on 2025, 235x on...

Vantage Capital Markets Japan

Nikkei 225 Outlook And Profit Targets Amid Uncertainty Over Japan-US Tariff Negotiations

Japan PM Ishiba's disagreements with US on tariffs could slow down the Nikkei 225 rally, but our model signals this week should close up with...

Nico Rosti

Nikkei Dividends Update (Jun 9th – Jun 16th)

Steepening of the dividend curve this week. Volumes were very low with 380 lots trading (225x on 2026). Nikkei Dividend Yield is now 2.10%

Vantage Capital Markets Japan

Bank of Japan's June Policy Decision: A Non-Event for Markets?

Stay ahead of potential tail risks: with the Bank of Japan's crucial rate decision just two days away, this analysis reveals why the June 17...

Gaudenz Schneider

Nikkei 225 Stock Average Rebalancing – June 2025

Rebalancing Candidates ADD: Kokusai Electric (6525 JP): High Liquidity Group TOP 75, Shift Inc (3697 JP) Consumer Goods, Pan Pacific International...

Vantage Capital Markets Japan

VCM: Nikkei Dividends Update (Jun 13th – Jun 20th)

Steepening of the dividend curve this week despite geopolitical tensions Volumes were very low with 344 lots trading (109x on 2025, 235x on...

Vantage Capital Markets Japan

Nikkei 225 Outlook And Profit Targets Amid Uncertainty Over Japan-US Tariff Negotiations

​Japan PM Ishiba's disagreements with US on tariffs could slow down the Nikkei 225 rally, but our model signals this week should close up with...

Nico Rosti

Nikkei Dividends Update (Jun 9th – Jun 16th)

Steepening of the dividend curve this week. Volumes were very low with 380 lots trading (225x on 2026). Nikkei Dividend Yield is now 2.10%

Vantage Capital Markets Japan

Bank of Japan's June Policy Decision: A Non-Event for Markets?

Stay ahead of potential tail risks: with the Bank of Japan's crucial rate decision just two days away, this analysis reveals why the June 17...

Gaudenz Schneider

Japan PM Ishiba's disagreements with US on tariffs could slow down the Nikkei 225 rally, but our model signals this week should close up with...