CYJ Japan
円買い協調介入の岐路 — 信用とインフレが交錯する高リスクな攻防戦 Background: US-Japan Joint Defending Yen In recent days, the global foreign exchange market has witnessed a rare and dramatic chapter: a coordinated joint intervention by the U.S. and Japanese authorities to support the Japanese Yen (JPY). This move marks a critical turning point in global macroeconomics, pulling the currency back from the …
Continue reading "The Yen Intervention Crossroads — A High-Stakes Game of Credit and Inflation"
Saizeriya's Q3 FY2026 Results:Strong Growth Numbers,Potential Menu Price Hike to Release Operating Leverage . Background: In the 30 years deflationary environment in Japan, Saizeriya has kept menu price unchanged for 26 years. From September 2026, Saizeriya will increase menu price. As Saizeriya managment in the past few earnings quarters reiterated, they would keep price unchanged …
CYJ Key Points Stabilization in the 10-Year JGB Sector The 10-year JGB (Japanese Government Bond) sector has started to stabilize as breakevens have stopped making new highs and concerns over an inflation overshoot have eased. Hawkish BoJ Priced In by the Market While the Bank of Japan's (BoJ) communication remains hawkish, the market has already …
Continue reading "Where is Yen heading, and 10y JGB rally to continue?"
The Bank of Japan (BoJ) has recently conducted massive interventions to support the yen. However, yesterday’s U.S. CPI data indicates that inflationary pressures in the United States remain significant, raising the possibility of further Fed rate hikes. Meanwhile, Japan has been hesitant to raise interest rates, which could further widen the yield gap between Japanese …
Continue reading "Where is Japanese Yen Heading, Can BOJ hold JPY/USD at 160?"
三菱重工・川崎重工・IHI：防衛セクター受注状況分析 (FY2025/2026) Under the Sanae Takaichi administration’s aggressive defense budget expansion and the liberalization of the "Three Principles on Defense Equipment Transfer," Japan’s heavy industry trio has seen a historic surge in order backlogs. 1. Mitsubishi Heavy Industries (MHI) — The Strategic Hub As Japan’s primary defense contractor, MHI is the biggest beneficiary of the …
Continue reading "Order Status Analysis: MHI, KHI, and IHI (FY2025/2026)"
In the context of modern defense and maritime security, it is important to clarify that Japan no longer builds traditional "battleships" (large-caliber gun ships). Instead, Japan has transitioned into exporting advanced Frigates and Destroyers. Under the Sanae Takaichi administration, Japan has significantly accelerated its arms exports by revising the Three Principles on Transfer of Defense …
Continue reading "Japan Military Export Relaxation / Loosening of the Three Principles 防衛裝備移轉三原則"
2025/12/31 The coming decade may well become a golden era for the resurgence of Japan’s economy and global influence. Interesting Chart: China 10Y vs Japan 10Y Yield. Notice that now China is in Deflation and Japan is in Inflation. China going down and Japan going up. This maybe the most important historical figure. Looking back …
Continue reading "Japan’s Golden Future Has Arrived Again 日本の黄金の未来が再び訪れる"
Liquidity Mismatch; Capital Discipline According to reports from the Wall Street Journal, some troubling trends have recently emerged in the Private Credit market. Investors have begun to accelerate redemptions, forcing alternative investment firms like Blue Owl Capital to start liquidating assets. The underlying assets held by these funds are often non-standard (illiquid) with durations typically …
Fast Retailing Announces FY26Q1 Financial Results Fast Retailing reported a strong performance for the first quarter of fiscal year 2026 (FY26Q1). Total revenue reached 1.03 trillion yen, representing a year-on-year (YoY) increase of 14.8%. Attributable net profit rose by 11.7% to 147.4 billion yen. The gross margin improved by 0.7 percentage points to 55.2%, while …
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