2015-11-30 Nikkei225->19,747.47(-136.47) JPX400->14,232.27(-146.34) J-VIX->21.65

Buying and selling price is inflated in the MSCI rebalancing
Exit Today's trading of the Tokyo market was wary of decline in crude oil weaker and the Chinese stock market.

The Nikkei Stock Average continued to fall and ¥ 19,747 47 sen before weekend ratio 136 yen 47 sen depreciation of 30 days. Amid difficult out sense of direction and ahead of the ECB (European Central Bank) US employment statistics, such as important event of the Board of Directors and the same four days local December 3, a sense of vigilance against plunged the Shanghai market before the weekend the 27th spread, it became a weight. Is weak sales from the morning, morning session was a ¥ 19,807 43 sen of the 76 yen 51 sen depreciation. Includes weak China, the Shanghai Composite Index to lunch break time zone, in response to the fact that the selling in stock index futures came out, to enlarge it and lowering width entering the afternoon session. It fell to ¥ 19 707 67 sen of the same 176 yen 27 sen depreciation that becomes the low of the day in 39 minutes midnight afternoon. Then Sageshiburu thing of return also was followed by a dull deployment.

Volume of the First Section of the Tokyo Stock Exchange is 2.4 billion 66.93 million shares. Buying and selling price is 2 trillion 909 billion yen. Losers number of stocks rose 892 stocks, drops 916 stocks, 113 stocks unchanged. In addition, Nikkei NT magnification that the average stock price divided by the TOPIX (Tokyo Stock Price Index) becomes 12.49 times, became the highest level since 12.52 times of August 24.


ＭＳＣＩリバランスで売買代金は膨らむ
原油安と中国の株式市場の下落を警戒して東京市場の本日の取引を終了。

３０日の日経平均株価は前週末比１３６円４７銭安の１万９７４７円４７銭と続落。現地１２月３日のＥＣＢ（欧州中央銀行）理事会や同４日の米雇用統計など重要イベントを控えて方向感が出づらいなか、前週末２７日に急落した中国・上海市場に対する警戒感が広がり、重しとなった。朝方から軟調に推移し、前場は同７６円５１銭安の１万９８０７円４３銭となった。昼休み時間帯に中国・上海総合指数が弱含み、株価指数先物に売りが出たことを受けて、後場に入ると下げ幅を拡大。午後零時３９分にはこの日の安値となる同１７６円２７銭安の１万９７０７円６７銭まで下落した。その後下げ渋るものの戻りも鈍い展開が続いた。

　東証１部の出来高は２４億６６９３万株。売買代金は２兆９０９０億円。騰落銘柄数は値上がり８９２銘柄、値下がり９１６銘柄、変わらず１１３銘柄。なお、日経平均株価をＴＯＰＩＸ（東証株価指数）で割ったＮＴ倍率は１２．４９倍となり、８月２４日の１２．５２倍以来の高水準となった。

引用　モーニングスター

１１月第３週の投資家別売買動向＝外国人の大幅先物買い続く

November third week of investors by buying and selling trends = Continued buying significantly futures of foreigners

According to the investor by buying and selling trends in the November third week (16 to 20), net sellers in kind Trust Bank of 4 consecutive weeks. Individuals become net sellers for eight consecutive weeks, foreigners became net buyers in succession 5 weeks. Net purchases significantly of business corporations, I think that the share buybacks worth due to own shares off-auction purchase transaction (Tostnet3).

If you look at the buying and selling trends in the sum of the four principals in kind and futures of self-individuals, foreigners and trust, trust banks and net selling continued four weeks, foreigners were net buyers to five consecutive weeks. Foreign net buying amount he continued as futures of Morgan Stanley MUFG Securities significant net purchases contributed. Individuals net sellers for eight consecutive weeks.

In addition, the Nikkei Stock Average 282 yen 90 sen (1.4%) of the same week high, TOPIX is 17.35 points (1.1%) high.

<Major investment mainly by buying and selling trends>

◎ cash

(The main seller)

Individual -4 261 one hundred million yen

Bank -1 557 one hundred million yen

Life and non-life insurance -414 one hundred million yen

Investment Trust -115 one hundred million yen

(The main buyer)

Foreign Tasu2447 one hundred million yen

Corporates Tasu1107 one hundred million yen

◎ spot + futures

(The main seller)

Individual -4.2 thousand one hundred million yen

Bank -2 206 one hundred million yen

(The main buyer)

Foreign Tasu6399 one hundred million yen

Self Tasu666 one hundred million yen

* Futures Nikkei 225 futures, Nikkei 225 futures mini, TOPIX futures, what is the sum of mini-TOPIX futures.

2015/11/27 17:49

１１月第３週（１６－２０日）の投資主体別売買動向によると、現物は信託銀行が４週連続となる売り越し。個人は８週連続売り越しとなり、外国人は５週続けて買い越しとなった。事業法人の大幅買い越しは、自己株式立会外買付取引（Ｔｏｓｔｎｅｔ３）による自社株買い分と思われる。

自己・個人・外国人・信託の４主体を現物と先物で合計した売買動向を見ると、信託銀行が４週続けて売り越し、外国人は５週続けて買い越した。外国人の買い越し額は引き続きモルガン・スタンレーＭＵＦＧ証券の先物大幅買い越しが寄与したようだ。個人は８週連続売り越し。

なお、同週の日経平均株価は２８２円９０銭（１．４％）高、ＴＯＰＩＸが１７．３５ポイント（１．１％）高。

＜主な投資主体別売買動向＞

◎現物

（主な売り手）

個人　　　－４２６１億円

信託銀行　－１５５７億円

生損保　　　－４１４億円

投信　　　　－１１５億円

（主な買い手）

外国人　　＋２４４７億円

事業法人　＋１１０７億円

◎現物＋先物

（主な売り手）

個人　　　－４２００億円

信託銀行　－２２０６億円

（主な買い手）

外国人　　＋６３９９億円

自己　　　　＋６６６億円

＊先物は日経２２５先物、日経２２５先物ｍｉｎｉ、ＴＯＰＩＸ先物、ミニＴＯＰＩＸ先物を合算したもの。

引用モーニングスター

http://www.morningstar.co.jp/msnews/news?rncNo=1700829&newsType=stock

2015-11-27 Nikkei225->19,883.94(-60.47) JPX400->14,378.61(-70.68) J-VIX->20.83

Tokyo Stock Exchange closing, sluggish trading in the pullback of US holiday

Nikkei stock average in Tokyo stock market on the 27th and fell back, finishing at ¥ 19,883 94 sen of the day before ratio 60 yen 47 sen (0.30%) weaker. US many investors to take a vacation in the center of the foreigners in the national holiday of Thanksgiving, trade is the determining motion immediate profit in a weak became dominant. Market of interest lowers high Shanghai stock market, investor sentiment is worsening. There was also surface on which spurred down.

In the Cabinet of Prime Minister Shinzo Abe is morning, and instructed the organization of the 2015 supplementary budget. Although expectations for the economy measures deep-rooted, more information was limited reaction of the market as a future stage.

JPX Nikkei index 400 to pullback, we have finished the previous day ratio 70.68 points (0.49 percent) discount of 10 000 4378.61. Tokyo Stock Price Index (TOPIX) also falls in reaction. Closing price was 1594.45 of 7.87 points (0.49%) weaker.

Trading value of the First Section of the Tokyo Stock Exchange is the one trillion 992.9 billion yen in rough figures, it was sluggish. Since the 2 trillion yen cracking October 22, the first time in nearly a month. Trading volume was 1.8 billion 51.65 million shares. Gainers of the First Section of the Tokyo Stock Exchange and 1141, it accounted for nearly 60% of the total. Rise is 648, unchanged was the 132 stocks.

東証大引け、反落　米国の祝日で商い低調
27日の東京株式市場で日経平均株価は反落し、前日比60円47銭（0.30％）安の１万9883円94銭で終えた。米国が感謝祭の祝日で海外勢を中心に休暇を取る投資家が多く、商いが低調な中で目先の利益を確定する動きが優勢となった。市場の関心が高い中国・上海株式相場が下げ、投資家心理が悪化。下げに拍車をかけた面もあった。

安倍晋三首相が午前の閣議で、2015年度補正予算案の編成を指示した。経済対策への期待は根強いが、詳細はこれからの段階として市場の反応は限られた。

　ＪＰＸ日経インデックス400は反落し、前日比70.68ポイント（0.49％）安の１万4378.61で終えた。東証株価指数（ＴＯＰＩＸ）も反落。終値は7.87ポイント（0.49％）安の1594.45だった。

　東証１部の売買代金は概算で１兆9929億円と、低調だった。２兆円割れは10月22日以来、ほぼ１カ月ぶり。売買高は18億5165万株だった。東証１部の値下がり銘柄数は1141と、全体の６割近くを占めた。値上がりは648、変わらずは132銘柄だった。

引用：日経新聞

Technology of coral reef recovery by Fudo Tetra （不動テトラのサンゴ礁の回復の技術）

In recent years, has become stronger social request is to preserve as much as possible the valuable nature that is lost by the construction of marine structures such as breakwaters, seawalls, that would have abolished the natural coral reef distributed offshore by the development of coastal areas There has become a social problem.

On the other hand, in 1998 abnormal increase in seawater temperature will occur on a global scale, natural coral reef is hit in various places by the bleaching of coral, came out the impact on fishing and tourism. In particular, is a devastating damage in the main island of Okinawa, there also is less a source of coral larvae, it is expected that significant takes time to reef recovery.

The Company, for the purpose of conservation and construct a valuable coral reef, coral reef compensation and of being lost in coastal development, etc., as a way to play the coral reef that decline early by bleaching, by using the sexual reproduction artificially The implementation and development of the technology to be transplanted in large quantities released the seedling production and coral larvae, such as the development of technology to be transferred to the large-scale coral reefs that would disappear in less suitable location of the environment affected by the development, a variety of initiatives doing.

The have also to ensure the relocation of the porting and reef these corals, and to quantify the physical environmental conditions of the location where good reef is formed, we are working to develop techniques for selection of coral transplantation suitability You.

http://www.fudotetra.co.jp/technology/evolution.html

不動テトラのサンゴ礁の回復の技術

近年、防波堤・護岸等の海洋構造物の建設によって失われる貴重な自然をできるだけ保全する社会的な要求が強くなっており、沿岸域の開発により沖合に分布する天然のサンゴ礁を消滅させてしまうことが社会問題となっています。

一方、1998年には世界規模で海水温の異常上昇が発生し、サンゴの白化現象により天然サンゴ礁が各地で打撃を受け、漁業や観光業にも影響が出ました。特に、沖縄本島では壊滅的な被害であり、サンゴ幼生の供給源が少ないこともあって、サンゴ礁の回復にはかなりの時間がかかることが予想されます。

当社は、貴重なサンゴ礁を保全・造成することを目的に、沿岸開発等で失われるサンゴ礁の補償や、白化により衰退したサンゴ礁を早期に再生する方法として、有性生殖を利用して人為的に種苗生産したサンゴ幼生を大量に放流して移植する技術の開発、消失するであろうサンゴ礁を開発の影響の少ない好適な環境の場所に大規模に移設する技術の開発など、さまざまな取組みを実施しています。

また、これらのサンゴの移植やサンゴ礁の移設を確実にするため、良好なサンゴ礁が形成されている場所の物理的環境条件を定量化し、サンゴの移植適地の選定する技術の開発にも取り組んでいます。

Successful stock operating in abenomics. Active fund raised 4.4 times the return in three years

"Abenomics market" that began on November 12 mid has elapsed from the start about three years. It became one of the trigger is the House of Representatives dissolved by the Democratic Party of former Prime Minister Noda of the same month 16th. Amid momentum of regime change is increased, expectations for abenomics is was at once buoyant stock market to dissolve the machine. In the investment trust of the world, it is a common belief is that active funds to show their ability in this bull market, you want to look back in practice this period, whether active funds that invest in Japanese stocks has left what results . In our article, defined as three years of the abenomics market 16 November 12 to 16 November 15, we were comparing the cumulative return of Japanese equity active fund of the same period (Note).

For reference, the cumulative return of the same period of the TOPIX (Tokyo Stock Price Index, inclusive dividend) was 121.65%. Index and that does not include such as trust fees unlike in the fund, although the point in time to be analyzed, and the like small and medium-sized stock funds and currency selection funds it should be noted, analysis 394 pieces out of the target The was exceeded this is a mere 179 present (about 45%). Unfortunately, half of the active fund even in this much of the rally was a form that shows the result that not beat the market average.

However, there is also a fund that has raised more than twice the return of the market average. It became the first place in the cumulative return of the same period was 337.31 percent in the "Securities Japan Japanese stocks open" of DIAM <2004021001>. Without considering the purchase fees and taxes, it is the calculation of investment funds was about 4.4-fold in three years. Investment strategy "to changes in the market trends and the combined flexibly adjust between the stock of the set input ratio of 0-100 percent" of the fund is successful, leaving a big performance than the other funds.

Second place is 278.61% in the "DIAM emerging markets Japan Equity Fund" <2,007,112,902> of DIAM, third place is a 242.52 percent in the "JPM OTC Open '96" <1,996,031,501> of JP Morgan, both funds whose main investment target the small-cap stocks has continued in that listed on the emerging markets. In contrast, the cumulative return is 52.89% of the same period is the lowest of the fund, the difference between the fund and more than six times the first place is open, light and darkness were divided.

(Note) = domestic incremental equity investment trusts (defined contribution year for and wrap account only, excluding ETF, etc.) out of the, of the active fund of Japanese stocks that have been set in the November 16, 12 before a 15-November 16, Sun has been continuous operation even at the time, were analyzed 394 this fund, which is classified in Morningstar large classification "Domestic equity-type" at any time.

アベノミクス相場で明暗分かれた日本株運用―３年間で４．４倍のリターンを上げたアクティブファンドも
１２年１１月中旬に始まった「アベノミクス相場」はそのスタートから約３年が経過した。きっかけの一つとなったのが同月１６日の民主党の野田前首相による衆議院解散である。政権交代の機運が高まるなか、解散を機にアベノミクスへの期待が株式市場を一気に浮揚させた。投信の世界では、こうした上昇相場においてアクティブファンドが実力を発揮するというのが通説であるが、実際にこの期間、日本株を投資対象とするアクティブファンドがどのような成績を残したかを振り返ってみたい。当記事では、アベノミクス相場を１２年１１月１６日から１５年１１月１６日の３年間と定義し、同期間の日本株アクティブファンド（注）の累積リターンを比較した。

　参考までに、同期間のＴＯＰＩＸ（東証株価指数、配当込み）の累積リターンは１２１．６５％であった。指数はファンドと異なり信託報酬等が含まれない点や、今回の分析対象には中小型株ファンドや通貨選択型ファンドなどが含まれる点には留意が必要であるものの、分析対象の３９４本中これを上回ったのは１７９本（約４５％）にとどまった。残念ながら、これほどの上昇相場においてもアクティブファンドの半数は市場平均に勝てないという結果を示す形となった。

　しかし、市場平均の２倍以上のリターンを上げたファンドも存在する。同期間の累積リターンで第１位となったのは、ＤＩＡＭの「証券ジャパン日本株オープン」<2004021001>で３３７．３１％であった。購入時手数料と税金を考慮しなければ、３年間で投資資金が約４．４倍になったという計算になる。同ファンドの「市場動向の変化に合わせて株式の組入比率を０－１００％の間で弾力的に調整する」という投資戦略が奏功し、他のファンドを大きく上回るパフォーマンスを残した。

　第２位はＤＩＡＭの「ＤＩＡＭ　新興市場日本株ファンド」<2007112902>で２７８．６１％、第３位はＪＰモルガンの「ＪＰＭ　店頭株オープン‘９６」<1996031501>で２４２．５２％と、いずれも新興市場に上場する中小型株を主要投資対象とするファンドが続いた。対照的に、最下位のファンドは同期間の累積リターンが５２．８９％と、第１位のファンドと６倍以上の差が開き、明暗が分かれた。

　（注）＝国内追加型株式投信（確定拠出年向けおよびラップ口座専用、ＥＴＦ等除く）のうち、１２年１１月１６日以前に設定された日本株のアクティブファンドのうち、１５年１１月１６日時点でも運用が継続されており、いずれの時点でもモーニングスター大分類「国内株式型」に分類されるファンド３９４本を分析対象とした。
引用：モーニングスター社
http://www.morningstar.co.jp/msnews/news?rncNo=1700572&newsType=fund

2015-11-26 Nikkei225->19,944.41(+96.83) JPX400->14,449.29(+71.96) J-VIX->20.38

Nikkei average rallied 96 yen, approaching rapidly also heavy upside was subjected to shrinkage in a temporary ¥ 20,000

The Nikkei Stock Average rebound and ¥ 19,944 41 sen of the day before ratio 96 yen 83 sen high on the 26th afternoon. In closing, it is high level since August 20 (¥ 20 033 29 sen). It takes over the morning session of the good sentiment that the US and European stock prices in the background, afternoon approaching began with buying preceding. Become a strong note transition, give ¥ 19,992 40 sen (the previous day 144 yen 82 sen higher) in 57 minutes at zero afternoon, there was a scene to be thin in the morning session highs ¥ 19,992 44 sen. After buying round, the inclination to profit selling gradually, it became upside heavy deployment over the sink.

The First Section of the Tokyo Stock Exchange's trading volume 1.8 billion 68.27 million shares, buying and selling price is 2 trillion 73.9 billion yen. Losers number of stocks rose 1064 stocks, drops 712 stocks, 142 stocks unchanged.

In "Nikkei average ¥ 20,000 before from market, was stopped. Buying and selling of super-short-term is the center, buying overseas funds phenomenon, limit buy order also does not come inflated 2. Buying momentarily in strategy ten thousand even beyond the circle, the rise in stock prices on the one stage, difficult when the trading volume is not close to 3 trillion yen "

日経平均は９６円高と反発、一時２万円に急接近も引けにかけ上値重い
２６日後場の日経平均株価は前日比９６円８３銭高の１万９９４４円４１銭と反発。終値では、８月２０日（２万３３円２９銭）以来の高値水準となる。欧米株高などを背景にした前場の好地合いを引き継ぎ、後場寄り付きは買い先行で始まった。強含み推移となり、午後零時５７分には１万９９９２円４０銭（前日比１４４円８２銭高）を付け、前場高値１万９９９２円４４銭に肉薄する場面があった。買い一巡後は、次第に利益確定売りに傾き、引けにかけて上値の重い展開となった。

　東証１部の出来高は１８億６８２７万株、売買代金は２兆７３９億円。騰落銘柄数は値上がり１０６４銘柄、値下がり７１２銘柄、変わらず１４２銘柄。

　市場からは「日経平均は２万円手前で、止められた。超短期の売買が中心であり、海外ファンドの買いは現象、指値買い注文も膨らんでこない。買いの作戦で瞬間的に２万円超えがあっても、一段の上の株価の上昇は、売買高が３兆円近くにならないと難しい」

引用　モーニングスター

2015-11-25 Nikkei225->19,847.58(-77.31) JPX400->14,377.33(-104.73) J-VIX->20.73

Nikkei average 77 yen depreciation and the 6th the first time pullback, Sageshiburu after selling round, such as power lines firm

The Nikkei Stock Average fell back for the first time in ¥ 19,847 58 sen and 6 business day of the previous day ratio 77 yen 31 sen depreciation 25th afternoon. The afternoon session began dominant Sell, after the round was Sageshibu~tsu partly sluggish circle against the dollar. Backed by strong buying, to 13:30, there was a scene that put a ¥ 19 871 75 sen to be the high price of the day (the day before ratio 53 yen 14 SenYasu). While then return potion, we remain firm in the vicinity of the mid-¥ 19,800 stand over the sink. Afternoon session approaching in the form to take over the morning session of the soft sentiment, selling preceding and becomes, in 40 minutes at zero afternoon, it had been downward pressure until the ¥ 19,786 53 sen to be the low of the day (the same 138 yen 36 SenYasu).

The trading volume of the Tokyo Stock Exchange 2 billion 7.65 million shares, trading value 2 trillion 189.1 billion yen. Losers number of stocks rose 518 stocks, drops 1294 stocks, unchanged 106 stocks.

Such as do not want to "let down from the market, it's stubborn motion. But, will the US market is closed for Thanksgiving 26th overseas flow comes thinned. Tomorrow exponentially large movement can not be expected, and private investment voice of whether small and medium-type strain ransacked is not to become a center by the House "(second-tier securities) was heard.


日経平均７７円安と６日ぶり反落、売り一巡後に下げ渋る、電力株などは堅調
２５日後場の日経平均株価は前日比７７円３１銭安の１万９８４７円５８銭と６営業日ぶりに反落。後場は売り優勢で始まったが、一巡後は対ドルでの円伸び悩みもあって下げ渋った。根強い買いに支えられ、午後１時３０分には、この日の高値となる１万９８７１円７５銭（前日比５３円１４銭安）を付ける場面があった。その後は戻り一服ながら、引けにかけて１万９８００円台半ば近辺で底堅く推移した。後場寄り付きは、前場の軟地合いを引き継ぐ形で、売り先行となり、午後零時４０分に、この日の安値となる１万９７８６円５３銭（同１３８円３６銭安）まで下押していた。

　東証１部の出来高は２０億７６５万株、売買代金は２兆１８９１億円。騰落銘柄数は値上がり５１８銘柄、値下がり１２９４銘柄、変わらず１０６銘柄。

　市場からは「下げさせたくないような、しぶとい動きだ。ただ、２６日は感謝祭で米国市場は休場となり、海外フローが細ってくる。あすは指数的に大きな動きは期待できず、個人投資家による中小型株物色が中心になるのではないか」（準大手証券）との声が聞かれた。

引用　モーニングスター

2015-11-24 Nikkei225->19,924.89(+45.08) JPX400->14,482.06(+21.36) J-VIX->20.16

The Nikkei continued to grow 45 yen height and five days recover the ¥ 19,900, buying sentiment deeply rooted plus levitation

The 24th Nikkei Stock Average ¥ 19,924 89 sen and five business days stretch in succession before weekend ratio 45 yen 08 sen height of the afternoon session. ¥ 19,900 stand in the closing price becomes a high level for the first time in three months since August 20 (¥ 20 033 52 sen). Afternoon session indu after it has been jostled in a while small cheap level, supported by strong buying, was plus emerged again. It becomes Gigli high pace and sprinkled with stock index futures buying, to 14:42, there was a scene that put a ¥ 19 954 00 sen to be the high price of the day (before weekend ratio 74 yen 19 sen height). After buying round was a raised dose, but remained at ¥ 19,900 stand the first half over the sink.

The trading volume of the Tokyo Stock Exchange 2 billion 62.09 million shares, buying and selling price is 2 trillion 280.9 billion yen. Losers number of stocks rose 1236 stocks, drops 554 stocks, 127 stocks unchanged.


日経平均は４５円高と５日続伸、１万９９００円を回復、買い気根強くプラス浮上
２４日後場の日経平均株価は前週末比４５円０８銭高の１万９９２４円８９銭と５営業日続伸。終値での１万９９００円台は８月２０日（２万３３円５２銭）以来３カ月ぶりの高値水準となる。後場寄り付き後はしばらく小安い水準でもみ合ったが、根強い買いに支えられ、再びプラス浮上した。株価指数先物買いを交えてジリ高歩調となり、午後２時４２分には、この日の高値となる１万９９５４円００銭（前週末比７４円１９銭高）を付ける場面があった。買い一巡後は上げ一服となったが、引けにかけて１万９９００円台前半で推移した。

　東証１部の出来高は２０億６２０９万株、売買代金は２兆２８０９億円。騰落銘柄数は値上がり１２３６銘柄、値下がり５５４銘柄、変わらず１２７銘柄。

（引用：モーニングスタ）

2015-11-20 Nikkei225->19,879.81(+20.00) JPX400->14,460.70(+27.24) J-VIX->20.46

Tokyo Stock Exchange closing, stretch in succession 3 month high, the voice of buying and overseas fund

Nikkei stock average in Tokyo stock market on the 20th was slightly firmer in 4th. After finishing at ¥ 19,879 81 sen of the day before ratio 20 yen 00 sen (0.10%) high, since August 20, was wearing a high for the first time in three months. Was placed in futures over the closing buying some funds overseas due to the balance sheet, it was high tangled in kind. Short-term overheating feeling it was expanded to be pushed up for sale from the morning to the background, but it was turned to the rise in trading just before the end.

Fujito Norihiro investment information manager of MitsubishiUFJ Morgan Stanley Securities viewed as "Overseas hedge funds that greet the closing date on November 20, has put a buy and attempt to raise the investment performance." At a press conference Amari Akira economic fiscal and regeneration phase is 20 days for the reduction of the effective corporate tax rate as "tax cuts also good in the prior" description. Expectations for the policy was also made to contribute to pushing up the market.

However, the Nikkei average was remained small cheap in most of the trading hours. US stock market decline of the 19th. Yen exchange rate is swing in the yen direction in the foreign exchange market, it became a burden of investor sentiment. Movement confirm the short-term profits before the weekend also was easy to spread.

JPX Nikkei index 400 also continued to grow four days I have finished in the previous day 27.24 points (0.19%) Net of 10 000 4460.70. Tokyo Stock Price Index (TOPIX) also continued to grow four days, we have finished in 2.80 points (0.17%) and high of 1603.18.

Trading value of the First Section of the Tokyo Stock Exchange is 2 trillion 185.7 billion yen in rough figures. Trading volume was 1.8 billion 44.55 million shares. Rise number of stocks of the First Section of the Tokyo Stock Exchange and 1139, it accounted for nearly 60% of the total. Drops 623, unchanged was the 153 stocks.


東証大引け、続伸　３カ月ぶり高値、海外ファンドが買いとの声

20日の東京株式市場で日経平均株価は小幅に４日続伸した。前日比20円00銭（0.10％）高の１万9879円81銭で終え、８月20日以来、３カ月ぶりの高値をつけた。海外の一部ファンドが決算期末に伴う買いを大引けにかけて先物に入れ、現物もつれ高した。短期的な過熱感を背景に朝方から売りに押される展開だったが、取引終了間際に上昇へ転じた。

　三菱ＵＦＪモルガン・スタンレー証券の藤戸則弘投資情報部長は「11月20日に決算期日を迎える海外のヘッジファンドが運用成績を上げようと買いを入れた」とみる。甘利明経済財政・再生相が20日の記者会見で、法人実効税率の引き下げについて「減税先行でもいい」と説明。政策への期待も相場を押し上げる一因になった。

　ただ、日経平均は取引時間のほとんどで小安く推移した。19日の米株式相場が下落。外国為替市場で円相場が円高方向に振れ、投資家心理の重荷となった。週末を前に目先の利益を確定する動きも広がりやすかった。

　ＪＰＸ日経インデックス400も４日続伸し、前日比27.24ポイント（0.19％）高の１万4460.70で終えた。東証株価指数（ＴＯＰＩＸ）も４日続伸し、2.80ポイント（0.17％）高の1603.18で終えた。

　東証１部の売買代金は概算で２兆1857億円。売買高は18億4455万株だった。東証１部の値上がり銘柄数は1139と、全体の６割近くを占めた。値下がりは623、変わらずは153銘柄だった。

日経

2015-11-19 Nikkei225->19,859.81(+210.63) JPX400->14,433.46(+135.04) J-VIX->21.24

The Nikkei continued to grow 210 yen height and three days and one o'clock increase rate reduction also comeback again

The Nikkei Stock Average of the 19th day, greatly stretch in succession of the 3rd and ¥ 19,859 81 sen of the day before ratio 210 yen 63 sen higher, traded in the afternoon session. From the fact that US stocks of local the 18th has continued to grow three days and is the dominant buying. Scene in the morning session to rise to ¥ 19,959.06 sen temporary 309 yen 88 sen sales were also seen. To noon, the Bank of Japan announced that in the Monetary Policy Meeting, to determine the status quo of monetary policy in many favor. Scene to reduce the increase rate to enter the afternoon session was also seen, but to complete the transaction by comeback again. The trading volume of the Tokyo Stock Exchange 2 billion 77.55 million shares, buying and selling price is 2 trillion 429.2 billion yen. Losers number of stocks rose 1411 stocks, drops 373 stocks, was 130 stocks unchanged.

In the market, further easing the shelved Nikkei decision meeting despite reducing the increase range, without large collapse showed strong movements. "Among the future price rising expectations is increased, there is also a possibility that the hard sell situation persists," the voice of (mid-sized securities) and was heard.

By industry, warehouse transportation stock, non-ferrous stocks rise. Iron and steel stocks, also insurance stocks higher. Metal Products Co., Ltd., also precision equipment stock firm. Pulp Kamikabu, was also bought retail stocks. In addition, the Tokyo Stock Exchange industry stock index, industry 31 rise, fell 2 industries sky luck and real estate.


It provides: Morningstar Inc.


日経平均は２１０円高と３日続伸、一時上げ幅縮小も再び盛り返す
１９日の日経平均株価は、前日比２１０円６３銭高の１万９８５９円８１銭と大幅に３日続伸して、後場の取引を終えた。現地１８日の米国株式が３日続伸したことから、買いが優勢。前場には一時３０９円８８銭高の１万９９５９円０６銭まで上昇する場面もみられた。正午すぎに、日銀は金融政策決定会合で、賛成多数で金融政策の現状維持を決定したと発表。後場に入り上げ幅を縮小する場面も見られたが、再び盛り返して取引を終了した。東証１部の出来高は２０億７７５５万株、売買代金は２兆４２９２億円。騰落銘柄数は値上がり１４１１銘柄、値下がり３７３銘柄、変わらず１３０銘柄だった。

　市場では、決定会合で追加緩和が見送られ日経平均は上げ幅を縮小したものの、大崩れすることなく、堅調な動きを示した。「先高期待が高まるなか、売りづらい状況が続く可能性もある」（中堅証券）との声が聞かれた。

　業種別では、倉庫運輸株、非鉄株が上昇。鉄鋼株、保険株も高い。金属製品株、精密機器株も堅調。パルプ・紙株、小売株も買われた。なお、東証業種別株価指数は、３１業種が上昇、空運と不動産の２業種が下落した。


引用：モーニングスター社

Cruise ship coming from China to Japan increased to 46 vessels from the previous year of 12 vessels

Japan to foreigners, about 2 times from China 1.82 million people, an increase of 43.8 percent in October

Japan foreign visitors arrivals of government in October Tourism Bureau announced 18 (approximate value), was 1.8293 million people, an increase of 43.8 percent year-on-year. In the single month it became the second multitude. in addition to the depreciation of the yen advances became cheaper shopping in Japan, and the route increase of budget airlines (LCC), the expansion of the exemption of consumption tax was successful. Also that there was a large holiday of National Day falls on National Day in early October in China, it became a push factor. Visit the number of customers from the Western countries with the exception of Russia, as the across the board in October was a record high.

China is most in the regional, and reached 445 600 people, an increase of 99.6 percent year-on-year, the ratio of the total was 24%. Cruise ship coming from China to Japan increased to 46 vessels from the previous year of 12 vessels. The ship is so that about 11 million people visited Assuming it was a full house. However, the rate of increase in Chinese arrivals to Japan has not increased from September (99.6%), growth is slowing down.

In other regions, South Korea 370 800 people, an increase of 48.6 percent, Taiwan became the 343 600 people, an increase of 32.0 percent. Of the 20 major markets, Canada and visit arrivals from Germany was the best past in a single month. That as the October also in other 17 markets it was a record high.

In 2015 cumulative total of all of the countries and regions (January-October) it was 16.3169 million people, an increase of 48.2 percent year-on-year. We have a record high in the calendar year. [Nikkei QUICK News (NQN)]

訪日外国人、10月43.8％増の182万人　中国からは約２倍

日本政府観光局が18日発表した10月の訪日外国人客数（概算値）は、前年同月比43.8％増の182万9300人だった。単月では２番目の多さとなった。円安が進み日本での買い物が割安になったほか、格安航空会社（ＬＣＣ）の路線増加や、消費税の免税制度の拡充が奏功した。中国で10月初旬に建国記念日にあたる国慶節の大型連休があったことも、押し上げ要因になった。ロシアを除く欧米各国からの訪日客数も、軒並み10月としては過去最高を更新した。

　地域別では中国が一番多く、前年同月比99.6％増の44万5600人に達し、全体に占める比率は24％だった。中国から日本にやってくるクルーズ船は前年の12隻から46隻に増加。船が満席だったと仮定すると約11万人が訪れたことになる。ただ、訪日中国人客数の増加率は９月（99.6％）から上昇しておらず、伸びは鈍化傾向にある。

　その他の地域では、韓国が48.6％増の37万800人、台湾が32.0％増の34万3600人となった。主要20市場のうち、カナダとドイツからの訪日客数は単月で過去最高だった。そのほかの17市場でも10月としては過去最高を記録した。

　全ての国・地域の2015年累計（１～10月）では前年同期比48.2％増の1631万6900人だった。暦年では過去最高を更新している。
〔日経ＱＵＩＣＫニュース（ＮＱＮ）〕

Patent focus = Fudo Tetra: such as how to build a multi-layer water-impervious structure

Stock newspaper
Fudo Tetra <1813.T> to port and airport, fishing port, coastal, and construction company with strengths in marine civil engineering, such as artificial island. Pillars of block environments such as tetrapods also business.

In the construction only in the depth required to Katayuikabe into the ground, by the minimum necessary to caking walls that construction in the ground size, as well as suppress the rise in construction cost by reducing the amount of hardening material, method for constructing a multi-layer water barrier structures so as to shorten the construction period
(Pat.2015-187356)


Upon application to soil improvement, to reduce the constraints from the soil properties of the soil, the ground improvement method that was used fluidized sand, and it to be pumped a sufficient amount in the ground even in coarse sand as sand material
(Pat.2015-183466)

In the ground and to be able to easily construct a consolidated improvement body of Kabe-gata, special head used to soil improvement method according to the high-pressure injection mixing method for achieving even construction cost reduction of as well as to shorten the construction period, and in this soil improvement method
(Pat.2015-187352)

() The numbers in the patent publication number, year - Publication No.

[Stock Newspaper Breaking News]
It provides: Morningstar Inc.


特許フォーカス＝不動テトラ：多層遮水構造体の構築方法など

株式新聞
　不動テトラ<1813.T>は港湾・空港、漁港、海岸、人工島などの海洋土木に強みを持つ建設会社。テトラポッドなどのブロック環境も事業の柱。

地盤中に固結壁を必要な深度のみに造成し、地盤中に造成する固結壁を必要最小限の大きさにすることにより、硬化材の使用量を減らして工費の高騰を抑えるとともに、工期の短縮を図るようにした多層遮水構造体の構築方法
（Pat.２０１５－１８７３５６）


地盤改良への適用に際し、地盤の土質性状からの制約を減らし、砂材料として粗い砂でも地中に充分な量を圧送できるようにする流動化砂、およびそれを用いた地盤改良工法
（Pat.２０１５－１８３４６６）

地盤中に壁形の固結改良体を容易に造成できるようにし、工期の短縮を図ると共に工費の低減も図る高圧噴射攪拌工法による地盤改良方法、およびこの地盤改良方法に用いる特殊ヘッド
（Pat.２０１５－１８７３５２）

　（　）内の数字は特許公開番号、年度－公開番号

［ 株式新聞速報ニュース ］
提供：モーニングスター社

2015-11-18 Nikkei225->19,649.18(+18.55) JPX400->14,298.42(+8.92) J-VIX->22.78

Tokyo Stock Exchange closing, slightly firmer psychological improvement heavy upside, and worry about the emergency landing of the French airplane.

Nikkei stock average in Tokyo stock market 18 days slightly to the continued to grow, finished at ¥ 19,649 18 sen of the day before ratio 18 yen 55 sen (0.09%) high. In addition to the day before in European stocks rose, it remained the US stock market is also firm, investor sentiment improved. Attitude to take operational risk is spread, I came to buy in the center of the large-cap stocks. However, it increased to ¥ 19,800 stand of August 20 since the first time in about three months as during the trading hours, was also increased profit selling. Such as the emergency landing of the French aircraft, and news travels reminiscent of terrorist attacks in Paris, buying interest of investors further reduced. Was subjected to close of trading, it was reduced edged increase range.

JPX Nikkei index 400 was slightly to stretch in succession. Closing price was 10 000 4298.42 of the previous day ratio 8.92 points (0.06 percent) high. Tokyo Stock Price Index (TOPIX) also slightly to stretch in succession, we have finished in 0.42 points (0.03%) and high of 1586.53.

Trading value of the First Section of the Tokyo Stock Exchange is 2 trillion 252.3 billion yen in rough figures. Trading volume was 1.9 billion 37.34 million shares. Rise number of stocks of the First Section of the Tokyo Stock Exchange is 797, drops to 980, unchanged was 137.

東証大引け、小幅続伸　心理改善も上値重く。欧州テロを懸念
18日の東京株式市場で日経平均株価は小幅に続伸し、前日比18円55銭（0.09％）高の１万9649円18銭で終えた。前日に欧州株が上昇したほか、米株式相場も底堅く推移し、投資家心理が改善。運用リスクを取る姿勢が広がり、大型株を中心に買いが入った。ただ、取引時間中として８月20日以来約３カ月ぶりの１万9800円台まで上昇し、利益確定売りも増えた。仏航空機の緊急着陸など、パリの同時多発テロを想起させるニュースが伝わると、投資家の買い意欲は一段と低下。取引終了にかけ、じりじりと上げ幅を縮小した。

　ＪＰＸ日経インデックス400は小幅に続伸した。終値は前日比8.92ポイント（0.06％）高の１万4298.42だった。東証株価指数（ＴＯＰＩＸ）も小幅に続伸し、0.42ポイント（0.03％）高の1586.53で終えた。

　東証１部の売買代金は概算で２兆2523億円。売買高は19億3734万株だった。東証１部の値上がり銘柄数は797、値下がりは980、変わらずは137だった。

日経

2015-11-17 Nikkei225->19,630.63(+236.94) JPX400->14,289.50(+131.22) J-VIX->21.95

Tokyo Stock Exchange closing, rebound European stocks firm sense of security, weak yen also tailwind

Nikkei stock average in Tokyo stock market on the 17th will be repulsed in three business days, it finished at ¥ 19,630 63 sen of the day before ratio 236 yen 94 sen (1.22%) high. In addition to the reaction of the European stock market Previous terrorist attacks at the weekend occurred in Paris, France was limited, the US stock market on the 16th was intensified sense of security to buy by greatly increased. By progress in weaker yen in the foreign exchange market, expectations of the export profitability of Japanese companies to improve increases, spread buying peace of mind.

JPX Nikkei index 400 rebounded to 4 business days. Closing price was 10 000 4289.50 of the previous day 131.22 points (0.93 percent) high. Tokyo Stock Price Index (TOPIX) rebounded to 4 business days, I finished trading at 1586.11 of 14.58 points (0.93 percent) high.

Trading value of the First Section of the Tokyo Stock Exchange is 2 trillion 651.3 billion yen in rough figures. Trading volume was 2.2 billion 50.5 million shares. Rise number of stocks of the First Section of the Tokyo Stock Exchange accounted for 78% of the total in 1501. Drops were 317 stocks, unchanged 96 stocks.

東証大引け、反発　欧州株が底堅く安心感、円安も追い風
17日の東京株式市場で日経平均株価は３営業日ぶりに反発し、前日比236円94銭（1.22％）高の１万9630円63銭で終えた。前週末発生したフランス・パリでの同時多発テロへの欧州株式市場の反応が限定的だったほか、16日の米株式相場が大幅に上昇したことで買い安心感が強まった。外国為替市場で円安が進んだことで、日本企業の輸出採算が改善するとの期待感が高まり、買い安心感が広がった。

ＪＰＸ日経インデックス400は４営業日ぶりに反発した。終値は前日比131.22ポイント（0.93％）高の１万4289.50だった。東証株価指数（ＴＯＰＩＸ）も４営業日ぶりに反発し、14.58ポイント（0.93％）高の1586.11で取引を終えた。

　東証１部の売買代金は概算で２兆6513億円。売買高は22億5050万株だった。東証１部の値上がり銘柄数は1501で全体の78％をしめた。値下がりは317銘柄、変わらずは96銘柄だった。

引用　日経

(Japan's legendary industrialist) Yamada Houkoku

Yamada Hokoku  (March 21, 1805) - June 26, 1877)

Yamada Houkoku, was born as a farmers. When it comes to 5-year-old, to learn it is a Confucian scholar of Niimi clan Marukawa Syouin. Become status of samurai Matsuyama clan at the age of 20, was appointed to lead professor of Hanko. Then, also participated in Edo, and contributed to rebuilding finances. The tough decision to Edo period of turmoil, we were able to be avoided clan from destruction. However, after the Meiji Restoration and refused all the voices of many invited, he died as a private educator.

Encounter with Yomeigaku
Houkou when the 29-year-old, meet Yomeigaku in Kyoto Leisure education. At this time, the understanding of the respective advantages and disadvantages of Neo-Confucianism and Yomeigaku from Denshu proceedings king Yangming, was learn the correct way to learn.
The advantage of Neo-Confucianism is, can learn deeply if learn step-by-step academic even for beginners. However, there is a disadvantage that does not matter to forget out of my mind or my heart is Tokushin.
On the other hand, the benefits of Yomeigaku is, my mind is able to zero in on the essence of human nature by asking whether're Tokushin, reason it is possible to correctly determine, in the business can produce results. However, when running the act in mind that it was fit of self-interest there is a disadvantage that it is often mistaken judgment of reason. Thus, sincerely learn from our predecessors of lessons and classic, it is required to effort.
After this, Houkou is not the thing to teach also tapped the teachings of Yomeigaku from disciples to easy, was counsel to learn deeply the Neo-Confucianism. This is due to the fact that it has been familiar with will likely Yomeigaku disadvantage of running the act leave his own heart

Domain duties reform of Matsuyama clan
Houkoku preach "Advanced Financial Theory" and in the practice of "pseudo-measures", was a successful Domain duties reform.
Advanced Financial theory Economics of Hotani. In thinking of the words of Dong Zhongshu of the era of the Han "not paced interest in the obvious righteousness" and advanced the reform. In other words, it established a discipline, although it is righteousness to clarify the decrees, can not be cited achievements in the reforms that stood out of things and trying to escape the hunger is interest without revealing its righteousness. Kludge rather than proceed with the hunger measures, and if we put the separation of righteousness and interest to stand outside of things, naturally road was preached that not stomach those who hunger opened.
Gituisaku plan political theory of Houkoku. Shifu of the world is weakening, bribe it is luxury beyond the time or is done openly, and preached that it has been amended because these have become factors that put pressure on finances.

Report on the basis of this policy was carried out a bold reform Domain duties.

　1.Publish Han finance in and out, and revealed that the real income of the clan is not only in the year 10 009 Sengoku, it was carried out in '50 repayment postponement of debt (but pay off in a few years by the success of the reform)

　2.Abolished the Kurayashiki of Osaka and relocated elephants in territory, in peacetime without being affected by the trend of dōjima rice exchange sold the rice and special products in the most advantageous market, at the time of the disaster and famine is to the people under one's dominionIt was destined to aid rice.

　3.Commanded the austerity to his servants and ordered to send the lives of junior samurai par to senior samurai, also were confiscated in the case that was discovered by forbidden to receive a bribe and entertainment from the people under one's dominion. Hotani their households it was also revealed that not receiving bribes Publish take the initiative.

　4.Recovering the clan note that have lost their credit by the large amount of issuance (711 consistently 300 momme (11,855 Ryo) equivalent in gold equivalent) was, it was Yakisute in public. It was obligated to convertibility to clan by issuing a new clan note instead. At the same time by the distribution number of clan note is significantly reduced, now also flows through merchants and funds of other countries increased the credit to Matsuyama clan.

　5.From iron sand, which can be taken in the territory is allowed to produce Bicchu hoe, also was it to develop specialty products such as tobacco and tea, Japanese paper-Yuzumochi-ko by installing the "tending station" to introduce a kind of government monopoly. Contrary to the government monopoly of the other clan, profits of producers is emphasized with respect to production, Han was to increase profit by devising on the distribution below.

　6.These specialty products, avoid the intermediate commission takes Osaka, carries directly to Edo in the vessels of the clan owned (steamboat "Kaikazemaru"), Edo and around the Kanto (hoe in the facilities in the Hantei rural demand higherIt was sold directly to the merchant of). This, while ensuring high profitability by discharging the intermediate profits, also Niijima Jo of samurai us was to learn navigation (Incidentally Itakura family day at is annaka domain of the vassal a had been young cognate that there is that you have participated in this voyage exercises).

　7.Pour the emphasis on education of the people under one's dominion than the samurai, the winners were collection to samurai even farmers and townspeople born.

　8.The plant useful, such as mulberry and bamboo I gave planted in the garden. Further cause public works such as roads, rivers and harbors, to give a cash income is allowed to engage the poor the people under one's dominion. In addition, this also irrigation of traffic safety and agricultural water has been substantial.

　9.By installing a suggestion box, and heard widely suggestions of the people under one's dominion.

　10.While strengthening the crime-fighting, and helped the early rehabilitation of the sinner by installing the Yoseba.

　11.Introducing a kind of colonization system for the lower class samurai, it was hit on the security of the borders or the like in parallel with agricultural development.

　12.It introduced a Nohei system on behalf of the samurai to stick to the "battle by sword", and that learned military science of the West visited trimmed the English-style army (Hotani itself other clan by volunteers from the young samurai and farmers ). The military system has been to model in and Nagaoka clan (kiheitai after) Choshu clan.

2015-11-16 Nikkei225average->19,393.69(-203.22) J-VIX->23.83

Tokyo Stock Exchange closing, continued to fall terrorist attacks received the selling profit, however, stops down in internal demand expected

Nikkei stock average in Tokyo stock market on the 16th was continued to fall. Closing price was ¥ 19,393 69 sen before weekend ratio 203 yen 22 sen (1.04%) weaker. Since the 6th it finished in about 1-week lows. Subject to simultaneous terrorist attacks of Paris, France, from the perspective of want to assess the impact on the real economy, was out selling the purpose of determining the short-term profit. Air transport and insurance, including the electrical equipment was almost exclusively on the back. Morning to become a has been from July to September period of the gross domestic product (GDP) negative growth of preliminary two consecutive quarter announcement, that it was below the market forecast also became a burden.

Trading value of the First Section of the Tokyo Stock Exchange at 2 trillion 35.7 billion yen in rough figures, since October 22, was a low level for the first time in about three weeks. Turnovers 1.7 billion 87.5 million shares. Gainers of the First Section of the Tokyo Stock Exchange is 1380, it rose the number of stocks 417, unchanged was 116.


東証大引け、続落　同時テロ受け利益確定売り、政策期待で下げ渋る
16日の東京株式市場で日経平均株価は続落した。終値は前週末比203円22銭（1.04％）安の１万9393円69銭だった。６日以来およそ１週間ぶりの安値で終えた。フランス・パリの同時テロ発生を受け、実体経済への影響を見極めたいとの見方から、目先の利益を確定する目的の売りが出た。空輸や保険、電気機器をはじめほぼ全面的に売られた。朝方に発表された７～９月期の国内総生産（ＧＤＰ）速報値が２四半期連続のマイナス成長となり、市場予想を下回ったことも重荷となった。

東証１部の売買代金は概算で２兆357億円で、10月22日以来、約３週間ぶりの低水準だった。売買高は17億8750万株。東証１部の値下がり銘柄数は1380、値上がり銘柄数は417、変わらずは116だった。

2015-11-13 Nikkei225average->19,596.91(-100.86) J-VIX->20.76

Tokyo Stock Exchange closing,Nikkei 225 also fell in Europe and the United States stock prices.
However, Japan Post Bank rise

Nikkei stock average in Tokyo stock market 13 days is pullback for the first time in eight business days, it finished at ¥ 19,596 91 sen of the day before ratio 100 yen 86 sen (0.51%) weaker. The day before the Western stock market has fallen, investor sentiment is worsening. Downturn of commodity prices, such as crude oil also becomes a burden, spread the movement to avoid operational risk. While crossing the buying and selling from the morning session of the middle, it was all day pushed deployment to profit selling.

In addition to crude oil futures market gave a two months and a half lows on the New York market, shipping market indicating the cargo movement is worsening. The world economy has strengthened the view that is slowing, revenue is susceptible to shipping and mining of economic fluctuations, associative selling in oil stocks spread.

However, downside was also stiff. Government is deep-rooted speculation the go ahead to the fiscal stimulus for the purpose of underpinning of the economy, bargain-hunting willingness of individual investors was strong. Intensified the atmosphere of want assess the contents of the real gross domestic product of the July-September period of the beginning of the week November 16 announcement (GDP), spread the movement to return the tilted have high up for sale in a neutral direction.

Trading value of the First Section of the Tokyo Stock Exchange is 2 trillion 468.4 billion yen in rough figures. Trading volume was 2.2 billion 22.62 million shares. Gainers of the First Section of the Tokyo Stock Exchange and 1147, it accounted for nearly 60% of the total. Rise is 639, unchanged was the 127 stocks.

東証大引け、８日ぶり反落 欧米株安と商品低迷が響く

13日の東京株式市場で日経平均株価は８営業日ぶりに反落し、前日比100円86銭（0.51％）安の１万9596円91銭で終えた。前日の欧米株式相場が下落し、投資家心理が悪化。原油などの商品市況の低迷も重荷となり、運用リスクを回避する動きが広がった。前場中ごろからやや下げ渋ったが、利益確定売りに終日押される展開だった。

　ニューヨーク市場で原油先物相場が２カ月半ぶりの安値をつけたほか、荷動きを示す海運市況が悪化。世界景気が減速しているとの見方が強まり、収益が景気変動の影響を受けやすい海運や鉱業、石油株に連想売りが広がった。

　ただ、下値も堅かった。政府が景気の下支えを目的に財政出動に踏み切るとの思惑が根強く、個人投資家の押し目買い意欲が旺盛だった。週明け16日発表の７～９月期の実質国内総生産（ＧＤＰ）の内容を見極めたいとの雰囲気がじわりと強まり、売りに傾いた持ち高を中立方向に戻す動きが広がった。

東証１部の売買代金は概算で２兆4684億円。売買高は22億2262万株だった。東証１部の値下がり銘柄数は1147と、全体の６割近くを占めた。値上がりは639、変わらずは127銘柄だった。

Wonder of Fudo Tetra(1813.T) stock

Fudo tetra (1813.T) is performance and technology do not reflect the evaluation is.
Then, stock prices have been sluggish.

I think the downturn in the stock price of Fudo Tetra (1813.T) by using the lack of provision of information management, and because foreign-owned is a short sale.

Foreign capital, which is doing a short sale, will be forced to either repurchase.

Fudo tetra (1813.T) is, looking at the track record of the past two years, issuing a terribly low full-year forecast.

However, the second consecutive year, also issued a revised upward three times, I have achieved after all the previous fiscal year earnings.

In addition, since the mid-term management plan is also too conservative, we are led to the now sold big.

The company, in the storm of the upward revision, since the landing is waiting on the larger medium-term management plan or would want to say, even with It will not be complaining.

Today's consolidated PER, which is 14.2, from a final landing point, in fact, I think in the 7.1 about half of this.

Once you become a body of shareholders even a little, a little more is carried out seriously IR activities, what can not be lobbied, such as someone wrote in encouraging report to buy securities company.

Then, if you look at the financial position (the previous fiscal year financial results) of the company, part of the net assets, capital 5 billion yen, capital surplus 14.7 billion 56 million, and retained earnings 1.1 billion 76 million yen in a total of 20.9 billion 32 is a one million yen, part of liabilities, short-term liabilities 700 000 000 20 one million yen, and led to long-term debt was zero. It will not be proud of less debt and have a lot of money.
This alone financial situation, has continued to profit trend as long as you see the other day of the upward revision the current fiscal year

1yen　is　about　０．００８＄

By the way, sky sales balance of the Tokyo Stock Exchange announced (October 28 now), it has increased to 8,098,321 shares.

[Breakdown]
Deutsche Bank London 1,944,600 shares,
Morgan Stanley MUFG 2,865,132 shares,
JP Morgan Securities 1,091,289 shares,
UBS AG 1,348,900 shares
ICS 848,400 shares

(ICS is October 7 to cut the current .5%, the publication obligation is lost current number unknown)

Credit sell the remaining of October 23, the 753,300 shares, credit buying the remaining is, 13,626,600 shares, credit magnification but has become a 18.09, it is 8,851.600 shares and to sell the remaining credit added to 8,098,321 shares of the above.　Although it is rough calculation, credit magnification becomes 1.5.


http://karauri.net/1813/

http://textream.yahoo.co.jp/message/1001813/itf07zc0df/4/278

2015-11-12 Nikkei225average->19,697.77(+6.38) J-VIX->20.40

Nikkei slightly in the 7th firmer

In the US market of the 11th, among the quiet trading day in the holiday of Veterans Day, NY Dow crude oil depreciation is anaerobic became a $ 55 discount. The Nikkei average is also that it was ¥ 1,000 ultra-rise day 6 stretch in succession up to the day before, was starting from a dominant 46 yen depreciation selling profit today. There was a scene to fall temporarily to ¥ 19,600 cracking in early trading, not to the flow to market more, was followed by a small movement after returning the value to the closing price level the day before. The top and bottom of the width of the afternoon session was only 45.67 yen.

Trading value of the First Section of the Tokyo Stock Exchange is 2 trillion 273.8 billion yen in rough figures. Trading volume was 2 billion 97.41 million shares. Rise number of stocks of the First Section of the Tokyo Stock Exchange accounted for 51% of the entire 976. Drops 799, unchanged was 137.

日経平均は小幅に7日続伸
11日の米国市場では、ベテランズ・デーの祝日で終日閑散な取引のなか、原油安が嫌気されNYダウは55ドル安となった。日経平均は前日までの6日続伸で1000円超上昇していたこともあり、本日は利益確定売り優勢で46円安からスタートした。前場に一時19600円割れまで下落する場面があったが、一段と売り込む流れとはならず、前日終値水準まで値を戻した後は小動きが続いた。後場の上下の値幅は45.67円にとどまった。

東証１部の売買代金は概算で２兆2738億円。売買高は20億9741万株だった。東証１部の値上がり銘柄数は976と全体の51％を占めた。値下がりは799、変わらずは137だった。

2015-11-11 Nikkei225average->19,691.39(+20.13) J-VIX->21.11

Tokyo Stock Exchange closing, Japan Post is significantly high Nikkei 225, two and a half months the first time high

Nikkei225 in Tokyo stock market of November 11 was continued to grow for six days. Closing price was ¥ 19,691 39 sen of the day before ratio 20 yen 13 sen (0.10%) high. Since August 20, it was highs for the first time in two and a half months. Stretch in succession of six days since September 30th to October 7th. Bargain-hunting motivation is strong, downside is stiff and saw buying pushed up the market

2 trillion 444.7 billion yen trading value in the estimate of the First Section of the Tokyo Stock Exchange, trading volume is 2.1 billion 35.34 million shares. Rise number of stocks of the First Section of the Tokyo Stock Exchange is 1243, gainers 557, unchanged was 112.

東証大引け、日本郵政が大幅高　日経２２５は、２カ月半ぶり高値

11日の東京株式市場で日経平均株価は６日間続伸した。終値は前日比20円13銭（0.10％）高の１万9691円39銭だった。８月20日以来、２カ月半ぶりの高値を付けた。６日間続伸は９月30日～10月７日以来。押し目買い意欲が強く、下値は堅いとみた買いが相場を押し上げた

東証１部の売買代金は概算で２兆4447億円、売買高は21億3534万株。東証１部の値上がり銘柄数は1243、値下がり銘柄数は557、変わらずは112だった。

郵政３社の指数採用、ＦＴＳＥとＭＳＣＩは早期組み入れ ＴＯＰＩＸは１２月２９日

下記、カブタンより引用

ＳＭＢＣ日興証券は４日、郵政３社（日本郵政<6178>、ゆうちょ銀行<7182>、かんぽ生命保険<7181>）の指数組み入れに関するリポートを発表した。同証券は「大規模なＩＰＯ時には指数組み入れの影響が無視できない」と指摘。特に、今回の組み入れでは個人投資家の動向にも注目している。ＦＴＳＥは１１月１０日の引け、ＭＳＣＩは１１月１７日の引けで指数に組み入れられる。このため、それぞれの指数をベンチマークとするパッシブファンドは、これらの日の終値でリバランスを行う必要がある。ＴＯＰＩＸは１２月２９日の終値でリバランスが行われる。なお、ＭＳＣＩは、時価総額の小さいかんぽ生命は組み入れていない。
　ＦＴＳＥに連動する資産は浮動株考慮後時価総額のおよそ２％程度、ＭＳＣＩに連動する資産はおよそ７％程度、ＴＯＰＩＸに連動する資産はおよそ１０％を保有すると仮定すると、「各指数を合計すると浮動株の２割弱をパッシブファンドが保有する計算となる」と同証券では予想。これに対応するには、「個人投資家が売却しなければパッシブファンドの買い需要に応じられない可能性もある」として、個人投資家の動向にも注目している。

出所：株経通信（株式会社みんかぶ）

Japan Post three companies index adoption of, FTSE and MSCI is incorporated early TOPIX is December 29

SMBC Nikko Securities 4th, three postal companies (Japan Post <6178>, Japan Post Bank <7182>, Japan Post Insurance <7181>) has announced a report on the incorporation index. The Securities pointed out that "the impact of large-scale IPO sometimes index incorporated can not be ignored." In particular, we are also focused on the trend of individual investors in the incorporation of this time. FTSE is closed November 10, MSCI is incorporated into the index at the close of November 17. Therefore, passive funds each index and benchmark, it is necessary to rebalance by closing these days. TOPIX rebalancing is performed at the closing of December 29. In addition, MSCI is smaller JPI of market capitalization has not been incorporated.

Assets linked to the FTSE about approximately 2% of the market capitalization after the float consideration, about approximately 7% assets linked to MSCI, and assets linked to the TOPIX be assumed to possess about 10 percent, and total "each index is expected to less than 20% of the free float passive fund becomes a calculation to hold, "he said in the same securities. To accommodate this, as "to be individual investors sale is also possible that it is not possible to respond to the buying demand of passive fund", it is also focused on the trend of individual investors.

2015-11-10 Nikkei225average->19,671.26(+28.52) J-VIX->21.17

Tokyo Stock Exchange closing, a good feeling 2 and a half months the first time in high FTSE index adopt the purchase of three Japan　postal companies

Nikkei stock average in Tokyo stock market of 10 days was continued to grow five days. After finishing the previous day ratio 28 yen 52 sen (0.15%) sales of ¥ 19,671 26 sen, since August 20 (¥ 20,033), were highs for the first time in about two months and a half. October of the number of corporate bankruptcies of announcement afternoon, to improve the economy watchers survey (street corner economy) is, business confidence is tilted bullish. We began to rise until mid-afternoon session, and remained at positive territory until the end of trading.

The number of corporate bankruptcies decreased by 7.3 percent year-on-year, as the October I divided the 800 cases in the first time since '25 in 1990. Street corner economy improved status quo decision index is the first time in three months that indicates the economy feeling. Economy it was led to the view that is gaining momentum.

Trading value of the First Section of the Tokyo Stock Exchange is 2 trillion 354.1 billion yen in rough figures. Trading volume was 2 billion 69.25 million shares. Rise number of stocks of the First Section of the Tokyo Stock Exchange accounted for 37 percent of the total 701. Drops 1090, unchanged was 120.


東証大引け、郵政３社のＦＴＳＥ指数採用購入を好感　２カ月半ぶり高値

10日の東京株式市場で日経平均株価は５日続伸した。前日比28円52銭（0.15％）高の１万9671円26銭で終え、８月20日（２万33円）以来、約２カ月半ぶりの高値を付けた。午後発表の10月の企業倒産件数、景気ウオッチャー調査（街角景気）が改善し、景況感が強気に傾いた。後場中ごろまでに上昇に転じ、取引終了までプラス圏で推移した。

　企業倒産件数は前年同月比7.3％減少し、10月としては1990年以来25年ぶりに800件を割った。街角景気は景気実感を示す現状判断指数が３カ月ぶりに改善。景気が勢いを増しているとの見方につながった。

東証１部の売買代金は概算で２兆3541億円。売買高は20億6925万株だった。東証１部の値上がり銘柄数は701で全体の37％を占めた。値下がりは1090、変わらずは120だった。

2015-11-09 Nikkei225average->19,642.74(+377.14) J-VIX->21.48

Tokyo stock market, the United States is to the buy order is bulge favorable impression that the progress in the yen against the dollar from the observation of and to start raising interest rates in December, two months and a half the first time in high ¥ 377 high

Trading value of the First Section of the Tokyo Stock Exchange is 2 trillion 998.3 billion yen in rough figures. Trading volume was 2.5 billion 14.72 million shares. Rise number of stocks of the First Section of the Tokyo Stock Exchange accounted for about 82% of the total and 1563. Drops 294, unchanged was 54.

東京株式市場は、米国が１２月に利上げを開始するとの観測から円安ドル高が進んだことを好感して買い注文が膨らみ、２カ月半ぶり高値 ３７７円高

東証１部の売買代金は概算で２兆9983億円。売買高は25億1472万株だった。東証１部の値上がり銘柄数は1563と全体の約82％を占めた。値下がりは294、変わらずは54だった。

2015-11-06 Nikkei225average->19,265.60(+149.19) J-VIX->22.26

Companies positive earnings TSE closing or three days stretch in succession for two and a half months the first time high

Nikkei stock average in Tokyo stock market six days was continued to grow three days. It finished at ¥ 19,265 60 sen of the day before ratio 149 yen 19 sen (0.78%) Net. It was two and a half months the first time highs since August 21. The good feeling the progress of the weaker yen-dollar, went to buy in the center of the main strains can check the expansion of business performance. Was transmitted in succession remarks supplementary budget and corporate tax Haruhiko Kuroda showed a sense of vigilance to Prime Minister Shinzo Abe remarks and Chinese economy on tax cuts Bank of Japan Governor in the afternoon. It pushed up the stock price leads to speculation of economic measures and additional monetary easing. On the other hand, Japan time ahead of the announcement of the October US employment statistics in the evening, profit selling upside there is also heavier scene out.


企業好決算　東証大引け、３日続伸し２カ月半ぶり高値
６日の東京株式市場で日経平均株価は３日続伸した。前日比149円19銭（0.78％）高の１万9265円60銭で終えた。８月21日以来２カ月半ぶりの高値だった。円安・ドル高の進行を好感し、業績の拡大を確認できた主力株を中心に買いが入った。午後には補正予算と法人税減税に関する安倍晋三首相の発言や中国景気に警戒感を示した黒田東彦日銀総裁の発言が相次いで伝わった。景気対策や追加金融緩和の思惑につながり株価を押し上げた。一方、日本時間夜に10月の米雇用統計の発表を控え、利益確定売りが出て上値が重くなる場面もあった。

2015-11-05 Nikkei225average->19,116.41(+189.50) J-VIX->22.77

Tokyo Stock Exchange closing, stretch in succession about 2 month high
Investment, such as a person is activated expectation is spread with, market sentiment has improved

Nikkei stock average in Tokyo stock market five days continued to grow, and finished with ¥ 19,116 41 sen of the day before ratio 189 yen 50 sen (1.0%) high. Since August 28, it was with a high level for the first time in nearly two months. Kai was good feeling that has advanced the weak yen-dollar foreign exchange market has entered into, such as export-related stocks. Nikkei increase range of average was also a scene that extends up to 240 yen more than. It becomes the four days the listing of Japan Post Group three companies strong price movements, market sentiment has improved


東証大引け、続伸　約２カ月ぶり高値
個人などの投資が活発化するとの期待感が広がり、市場心理が改善した。

５日の東京株式市場で日経平均株価は続伸し、前日比189円50銭（1.0％）高の１万9116円41銭で終えた。８月28日以来、ほぼ２カ月ぶりの高値水準を付けた。外国為替市場で円安・ドル高が進んだことを好感した買いが輸出関連株などに入った。日経平均の上げ幅は240円超まで広がる場面もあった。４日上場の日本郵政グループ３社が堅調な値動きとなり、市場心理が改善した。

2015-11-04 Nikkei225average->18,926.91(+243.67) J-VIX->23.61

Tokyo Stock Exchange closing, sail of three postal companies listed market capitalization OVER16 trillion yen

Nikkei stock average in Tokyo stock market of four days was rebound. Closing price was ¥ 18,926 91 sen of 243 yen 67 sen compared with the 2nd (1.30%) sales in the previous business day. It began by rounding up a level from the morning in response to the previous day's US stock appreciation and depreciation of the yen-dollar. also led to the Japanese stock market overall buying peace of mind that today simultaneous listing the three postal companies opening price was much higher than the published price. However, when the swell is buying Post Corporation, and the Japan Post Insurance Co., Ltd. in the afternoon to rise up to the limit width of the upper limit (stop high level), the Nikkei average out the cash selling in some sluggish growth rapidly, finished in today's lows .

Temporary increase range has reached near 470 yen, it exceeded the ¥ 19,100 for the first time in October 30 since two business days. Mainly in export shares in response to the previous day's US stock appreciation and depreciation of the yen-dollar strengthened buying willingness to Japanese stocks, "came the order to buy from investors in Europe to buy has mainly" with the (domestic securities) there was a voice. It remained strong above the stock price the public price of three postal companies, investors became even tailwind that it has strengthened the position to take operational risk.

However, the Nikkei average to 14:00 too much sluggish rapidly. It rose JPI strains to stop high, swelled rapidly buying also the parent company of Japan Post shares. In response to this voice of the "in the part of the individual investors there is a possibility that the spread is cash selling" was heard.

４日の東京株式市場で日経平均株価は反発した。終値は前営業日の２日と比べて243円67銭（1.30％）高の１万8926円91銭だった。前日の米株高や円安・ドル高を受けて朝方から水準を切り上げて始まった。きょう同時上場した郵政３社の初値が公開価格を大きく上回ったことも日本株相場全体の買い安心感につながった。ただ、午後にかんぽ生命株が制限値幅の上限（ストップ高水準）まで上昇するなど郵政株に買いが膨らむと、一部で換金売りが出て日経平均は急速に伸び悩み、きょうの安値で終えた。

　一時は上げ幅が470円近くに達し、10月30日以来２営業日ぶりに１万9100円を上回った。前日の米株高や円安・ドル高を受けて輸出株を中心に日本株への買い意欲が強まり、「欧州の買い持ち主体の投資家から買い注文が入った」（国内証券）との声があった。郵政３社の株価が公開価格を上回って堅調に推移し、投資家が運用リスクを取る姿勢を強めたことも追い風になった。

　ただ、14時すぎに日経平均は急速に伸び悩んだ。かんぽ生命株がストップ高に上昇し、親会社の日本郵政株にも急速に買いが膨らんだ。これを受けて「個人投資家の一部で換金売りが広がった可能性がある」との声が聞かれた。

http://www.nikkei.com/markets/kabu/summary.aspx?g=DGXLASS0ISS16_04112015000000

2015-11-02 Nikkei225average->18,683.24(-399.86) J-VIX->23.98

Tokyo stock market Nikkei Stock Average of two days can significantly falls in reaction to 4 business days, it finished at ¥ 18,683 24 sen before weekend ratio 399 yen 86 sen (2.10%) weaker.
In addition to US stock prices, before the weekend in the Nikkei average is sometimes wearing a high of ¥ 19,000 table for the first time in about two months, establishing selling was predominant the immediate profit.

China economy-sensitive steel stocks and shipping stocks were also significantly decline. Buy before the three days holidays and simultaneous listing of Japan Post Group three companies of four days is holding back,
Lower width exceeds a temporary 440 yen. 2 trillion 464.5 billion yen in the buying and selling price is estimated the First Section of the Tokyo Stock Exchange

２日の東京株式市場で日経平均株価は４営業日ぶりに大幅反落し、前週末比399円86銭（2.10％）安の１万8683円24銭で終えた。
米株安に加え、前週末に日経平均が１万9000円台と約２カ月ぶりの高値を付けたこともあり、目先の利益を確定する売りが優勢だった。

中国景気敏感な鉄鋼株や海運株も大幅下落した。３日の祝日や４日の日本郵政グループ３社の同時上場を前に買いが手控えられ、
下げ幅は一時440円を超えた。東証１部の売買代金は概算で２兆4645億円