日本股市再创新高，日本央行行长最新发声→

Market Overview - On October 20, the Japanese stock market experienced a significant surge, with the Nikkei 225 index rising over 1600 points, marking its first-ever breach of the 49000-point threshold, closing at 49185.5 points, a 3.37% increase from the previous trading day [2][4] - The rise in the stock market is attributed to the expected political stability following the anticipated victory of Fumio Kishida in the upcoming prime ministerial election, as the Liberal Democratic Party (LDP) and the Japan Innovation Party are set to sign a coalition agreement [1][4] Political Developments - The coalition agreement between the LDP and the Japan Innovation Party indicates that Fumio Kishida is likely to win the prime ministerial election on October 21, reducing political uncertainty in Japan [1][4] - Kishida is viewed as a proponent of "Abenomics," advocating for expansionary fiscal policies aimed at doubling Japan's economic size within ten years through tax cuts, economic stimulus, and government investment [5] Economic Policies - Kishida emphasizes the importance of demand-driven growth supported by rising wages and corporate profits, suggesting that current inflation is primarily due to rising raw material costs rather than domestic economic growth [5] - Analysts believe Kishida's victory may lead to a more accommodative monetary policy, potentially delaying interest rate hikes by the Bank of Japan (BOJ) until the new government's policies are clearer [5][7] Sector Performance - The semiconductor sector saw significant gains, with Kioxia Holdings rising nearly 9%, and other companies like LASERTEC and Tokyo Electron also experiencing substantial increases [4] - Financial stocks performed well, with Mizuho Financial Group up over 6%, and other banks like Chiba Bank and Sumitomo Mitsui Financial Group rising over 4% [4] Central Bank Insights - BOJ Governor Kazuo Ueda indicated that the decision on interest rate hikes will consider various data, including information gathered during his time in Washington [6] - Ueda noted that while global and U.S. economies show resilience, the impact of U.S. tariff policies on Japan's economy will be a critical factor in the BOJ's decision-making process [6][7] - Some BOJ policymakers have expressed the need to be cautious about rising prices and are prepared to raise the benchmark interest rate, with discussions around the timing of such a move being influenced by political uncertainties [8]