The Japanese stock markets recently filed a fall in their levels based on the speculation that the yen will remain strong against the dollar. The speculation made several rounds after the U. S. Federal reserve eased the monetary policy.
The world's largest auto major, Toyota Motor Corporation, lost 1.3% on the market while its counterpart Honda Motor Company, the second largest automaker in Japan fell by 1.3%.
Apart from the world of automotives, Fast Retailing Company sunk by close to 7.7% while Oki Electricity Company, the manufacturer of the communication equipments said that its stock fell by close to 15% after forecasting a loss and making an announcement that it will sell close to 30 billion yen in the form of preferred shares.
Masaru Hamasaki, who helps oversee about $17 billion as chief strategist at Toyota Asset Management Co said that the consensus is that the US will ease the monetary policy even further and dollar, will remain weak even in times to come.
Moreover, he also said that the Corporate Earnings of the Japanese companies are getting stronger by the day mainly because it is riding on the back of factors like the strong currency appreciation.
Related News
- Toyota Reports its Q4 Profits
- Sop Speculations Lead To Rise in Japanese Stocks
- Toyota Motor Corp denies Output Going Back to Pre-Earth-Quake Status
- Toyota Motor Manufacturing France to resume three-shift operations
- Toyota to partake in 2012 Le Mans 24 Hour racing event
- GM's plans to sell preferred stock with IPO postponed
- Toyota Considers Prius Recall Owing to Brake Problem
