Mr. Toshio Morita, who became the new chairman of the Japan Securities Industry Association, which is made by securities companies nationwide, said at a press conference that "there is a clear correlation that the stock price rises when vaccination progresses". He expressed his expectation that the stock price would rise due to the spread.
Toshio Morita, the president of Nomura Securities, the largest in the industry, became chairman of the Japan Securities Dealers Association on the 1st and held a press conference online.
Among them, Chairman Morita said, "The environment is not bad, as the Nikkei Stock Average has exceeded 30,000 yen for the first time in a long time. It has been said for a long time from savings to asset formation, but it seems to be a bud for asset formation. We can see something like that, "he said, and expressed his intention to focus on supporting the formation of financial assets and enhancing investment education for young people.
In addition, Chairman Morita said, "There is a clear correlation overseas that stock prices will rise when vaccination progresses. Japan's delay is clear, but on the contrary, it will recover as vaccination progresses. That's quite possible, "he said, hoping that the spread of vaccines, alongside the United States and Europe, would lead to higher stock prices.