Ultima Markets[Market Hotspot] Japan plans to end negative interest rates, causing Japanese stocks to rise more than2%

Monday, Nikkei225The index surged2%Breakthrough39,400At the critical juncture, the Eastern Composite Index, which covers more constituent stocks, followed suit and rose1.2%, reaching2,703Points. Supported by the depreciation of the Japanese yen, the market recovered some of last week's losses.

Meanwhile, the market's spotlight is turning towards the Bank of Japan（BoJ）The policy decision to be announced on Tuesday. Due to rising wages, rising inflation, and stable economic conditions, more and more investors are speculating that the Bank of Japan may withdraw from its negative interest rate policy.

Led by technology stocks, driving the pace of the market. Tokyo Power Science and Technology Innovation Rise2.4%DiSiKe rose3.7%Leitai Optoelectronics rose2%Advantageous test increase1.7%SOS Future Technology Soars Up4.7%。 Similarly, other constituent stocks in the index have also shown some gains, such as MitsubishiUFJrise1%Toyota Motor rose1.8%Nissan Auto Rising4.9%Fast Retailing Company Rising2.5%Sony Group Rising1.7%。

（Nikkei 225Index monthly chart)

The news about the possibility of the Bank of Japan abandoning its negative interest rate strategy is rampant, especially at the Japan Federation of Labor Unions, the largest labor organization in Japan（RENGO）After disclosing a significant salary increase. Against this background, the exchange rate of the US dollar against the Japanese yen has risen below148.5, the highest point in the past five weeks.

(USD/JPY monthly chart)

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