PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Japanese PM Takaichi warned that the government is ready to take action against speculative moves amid a weakening currency and surge in bond yields
Japanese Prime Minister Takaichi's warning countering speculative moves signals a proactive government stance as the yen weakens and bond yields rise.
Japanese top FX diplomat Mimura continues to decline to comment on FX intervention and can't comment on talk of rate checks, but says they are keeping in close contact with the US on FX
[MARKET UPDATE] Mixed start to Asia-Pac trade with Japanese markets pressured amid a firmer currency after PM Takaichi's intervention warning, while conditions are quieter on Monday with Australian and Indian markets closed for holiday
PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Japanese PM Takaichi warned that the government is ready to take action against speculative moves amid a weakening currency and surge in bond yields
Japanese Finance Minister Katayama declined to comment on a report on Friday regarding the New York Fed conducting USD/JPY rate checks
[MARKET UPDATE] US equity futures begin lower with Emini S&P down 0.7% and Emini Nasdaq 100 down 1.1% amid tariff and shutdown concerns after US President Trump threatened 100% tariffs on Canada, while Democrats threatened a partial government shutdown
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JAPAN
Eisai (4523 JT) - US FDA accepted LEQEMBI's supplemental biologics licence application as a subcutaneous starting dose for the treatment of early Alzheimer’s disease under priority review. (Newswires)
TEPCO (9501 JT) - Co. is seeking to sell about JPY 200bln in assets within three years and is seeking proposals from potential alliance partners, while it is targeting JPY 3.14tln in cost reductions, according to a restructuring plan. (Newswires/Nikkei)
Crypto - Japan is to greenlight crypto ETFs as soon as 2028 with Nomura and SBI seen in the running for the first round of listings. (Nikkei)
Other News
Japanese PM Takaichi warned that the government is ready to take action against speculative moves amid a weakening currency and surge in bond yields, according to Bloomberg. (Newswires)
Public support for Japanese PM Takaichi's government fell below 70% for the first time since she took office last October, according to a weekend poll by Nikkei and TV Tokyo, which showed the cabinet's approval rating slipped to 67% from 75% in the December poll. (Nikkei)
BoJ Governor Ueda said on Friday at the post-meeting press conference that they will keep raising rates if the economic outlook is realised, and that April price behaviour is a factor to mull a rate hike. (Newswires)
SOUTH KOREA
Samsung Electronics (005930 KS) - Co. is to offload KRW 175bln of its own shares for executives’ payment, while it was separately reported that its chairman warned against complacency following a strong rebound in earnings. Furthermore, Samsung is set to ship HBM4 to NVIDIA (NVDA) ahead of rivals in February. (Newswires/Yonhap/Korea Economic Daily)
Other News
More than half of economic experts expect South Korea's economic growth to remain in the 1% range for the time being, according to a local survey. (Yonhap)
This suggests potential market intervention, which could have implications for JPY volatility and broader investor sentiment in Asian equities. Investors should watch how this influences monetary policy discussions and risk perception in the region.
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