On May 24, 2019, the stock price is unexpectedly "resilient" or "robust"…? [From Tomio Sugimura's email newsletter]
From Tomoaki Sugimura's investment newsletter "Sugimura Tomoaki Investment Salon" provided by GogoJungle, here is a small excerpt from today's issue.
In Japan, we are facing the July House of Councillors election and the October consumption tax rate hike (from 8% to 10%). There is talk of a possible simultaneous election of the House of Representatives and the House of Councillors centered on constitutional amendment. The economy must not slow down. Measures such as additional monetary easing by the Bank of Japan and the government drafting an early supplementary budget are expected, perhaps.
In addition, the "tenacity" of stock prices can be attributed to the solid corporate earnings. For fiscal year 2019, it is said that 650 companies on the TSE First Section will achieve record-high earnings. About one in three companies. In fact, the Nikkei Stock Average earnings per share (forecast) is 1,784 yen, an increase of 3.2% compared to the actual earnings basis (1,729 yen).
From 'Sugimura Tomoaki Investment Salon' (Sugimura Tomoaki)quotation.
Stock prices appear to be supported by strong corporate performance. Keep an eye on upcoming shareholder meetings that will reach their peak in about a month. (Editorial staff)
