News & Insights

Letter from SuMi TRUST AM - Japan's annualised GDP rate grows to 3.1% in Q2 Preliminary report for Japan's real Gross Domestic Product (GDP) for Q2 2024 shows first positive growth recorded in two quarters, exceeding the market forecast of +2.3%.

[EXTERNAL LINK] Chief Strategist at SuMi TRUST AM, Hiroyuki Ueno's comments featured in Morningstar. After the Crash, Where Next for Japan Investors? Morningstar rated fund managers expect more volatility and a rotation away from yen-sensitive stocks - but also further stock market gains as overseas buyers return.

[EXTERNAL LINK] SuMi TRUST AM's Chief Strategist, Hiroyuki Ueno shares his views on the recent turbulence in the Japanese market and its implications going forward.

In July, the Japanese equity market saw significant fluctuations. At the start of the month the Nikkei 225 and TOPIX indices reached new historic highs riding the wave of the weak yen and strong US markets but ultimately ended the month in negative territory, dropping by 1.2% and 0.5% respectively. The end of the month saw the yen surge to the 149 yen to the dollar level, a sharp increase from the 38 year low of 161.7 yen/dollar that was seen at the start of the month.

[EXTERNAL LINK] SuMi TRUST AM's Chief Strategist, Katsutoshi Inadome shares his views on the likelihood of an interest rate hike ahead of the Bank of Japan's monetary policy meeting.