Mastering the Market with Ko- no Kouno? Wait: The Japanese text seems a bit garbled. A direct, faithful translation of the visible Japanese content is: Enjoying the market while mastering the market of Kouno Ko? 第15回［荒野浩］ Note: The phrase 荒野浩 (Kouya Hir

Hiroshi Hara no Profile

After joining Nippon Kanko Kakugawa Securities (now Mizuho Securities) in 1971, he worked as an analyst in the research department. After a stint in the United States, he consistently conducted information and market analysis on Japanese stocks. In 1996, he transferred to an asset management company (now Asset Management One), served as Head of Research, Head of Investment, and later held the position of Executive Managing Director and Head of the Investment Trust Operations Division. He retired in 2012. Since then, he has been active on TV and radio. His experience in market analysis centered on Japanese stocks spans nearly half a century.

Newsletter:https://www.gogojungle.co.jp/finance/salons/8812/

※This article is a reprint/edit of an article from FX攻略.com May 2021 issue. Please note that market information stated in the main text may differ from the current market.

※Data is as of the end of February 2021

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Having been involved in the market for half a century, it has been eight years since I left the organization. Currently, much of my thinking disclosed on media since retirement is derived from patterns I discovered after retirement. By continuing to analyze, I continually find new insights every day.

This is the 15th installment on FX攻略.com. Although magazines are going to cease publication, I intend to someday compile the discussions developed over one year and three months into a book.

This month’s issue marks the final installment, but I will continue to seek new patterns from daily analyses and strive to deliver even more accurate information in various forms.

In this issue, I center on the “major changes” that have occurred this year and focus on themes such as “the ideal turning point when the economy takes off,” “the Nikkei 225 is not necessarily overvalued when evaluated by price-to-book ratio (PBR),” “foreign investors acting as puppets in arbitrage trading,” and “the Tokyo market with no aggressive sellers,” which will be the final manuscript.

During the serialization, I wrote that “much can be understood within a one-month cycle.” I plan to start the final manuscript with the 20-day moving average.