Report

PSA Today Mar 25: Cyclicals lead the rebound, oil better / Mitsui M&S's revision up / BoJ Covid-inspired lending at a record – Nikkei +1.14%

Japan Market Comment by Pelham Smithers
Nikkei ¥28,729.88 (+¥324.36 / +1.14%); Topix ¥1,955.55 (+¥26.97 / +1.40%); ¥/$108.97
Tags: Mitsui Mining & Smelting (5706 JT), Intel (INTC US), Tokyo Electron (8035 JT), Shinko Electric (6967 JT), JSR Corp (4185 JT), Isuzu Motors (7202 JT), Toyota Motor (7203 JT), Hino Motors (7205 JT), Fanuc (6954 JT), Yaskawa Electric (6506 JT), Punch Industry (6165 JT), Oncolys BioPharma (4588 JT), AnGes (4563 JT), Sony (6758 JT), Crunchyroll, Aoyama Zaisan Networks (8929 JT), Hash Dash Holdings, Hyper Inc (3054 JT), Seiko Epson (6724 JT), Ohizumi (6618 JT), Ferrotec (6890 JT), Mitsui & Co (8031 JT)
Main Points
• Cyclicals lead rebound as oil prices recover
• Mitsui M&S revises up
• BoJ virus lending hits record ¥18.7tril
Provider
Pelham Smithers Associates Ltd
Pelham Smithers Associates Ltd

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries. 

The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012. 

Analysts
Pelham Smithers

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