With the Nikkei Average expected to reclaim its June high, Tomio Sugimura (杉村 富生) says he is narrowing his targets to core Japanese stocks. The article outlines the focus of stock selection and the market trend.
Economic commentator Sugimura Tomio (杉村 富生) said he expects the Nikkei Average to reclaim its June high and emphasized the importance of responding quickly to changes in the market. The article conveys the view that conventional wisdom in Kabutocho is changing as the external environment improves.
The current market is showing exceptional strength, and the article assumes that the Nikkei Average will aim to reclaim its record high between October and November. It also presents the view that supply and demand conditions related to the earnings seasons will have largely run their course.
The stated policy is to target stocks with the highest trading value. Points of focus include Micron Technology’s well-received results and its gross margin reaching 86%. Memory demand is described as firm, while developments in GPU-related stocks also warrant close attention.
Kioxia, Advantest, SoftBank Group, Taiyo Yuden and Murata Manufacturing are cited as specific examples of stock selections, with the view expressed that market conditions for the core group of stocks will improve.