Japonya\u2019n\u0131n \u00f6nc\u00fc ekonomik endeksi \u015eubat ay\u0131nda 113,3\u2019e y\u00fckseldi. Beklenti 112,4\u2019t\u00fc.<\/p>\n
Veri, beklentinin 0,9 puan \u00fczerinde geldi. Bu, endeksin ay i\u00e7in tahmin edilenden daha g\u00fc\u00e7l\u00fc oldu\u011funu g\u00f6steriyor.<\/p>\n
\u015eubat ay\u0131 \u00d6nc\u00fc Ekonomik Endeksi\u2019nin (ekonomide \u00f6n\u00fcm\u00fczdeki aylarda ne olaca\u011f\u0131n\u0131 \u00f6nceden g\u00f6steren g\u00f6sterge) 113,3\u2019e gelmesi, Japon ekonomisinde temel bir dayan\u0131kl\u0131l\u0131\u011f\u0131 teyit ediyor. Bu, y\u0131l\u0131n ikinci yar\u0131s\u0131na girerken b\u00fcy\u00fcme e\u011filiminin olumlu olabilece\u011fine i\u015faret ediyor. Bu tablo, \u015firket k\u00e2rl\u0131l\u0131klar\u0131n\u0131n (firmalar\u0131n elde etti\u011fi net kazan\u00e7) beklentilerin \u00fczerinde gelme ihtimalini art\u0131r\u0131yor.<\/p>\n
Bu ileriye d\u00f6n\u00fck g\u00fc\u00e7lenme nedeniyle Nikkei 225\u2019te al\u0131m y\u00f6nl\u00fc al\u0131m opsiyonu (call; belirli bir fiyattan alma hakk\u0131 veren s\u00f6zle\u015fme) d\u00fc\u015f\u00fcn\u00fclebilir. Endeks bu ay %4\u2019\u00fcn \u00fczerinde y\u00fckselerek 42.000 seviyesinin \u00fczerine \u00e7\u0131kt\u0131; bu seviye en son 2025 sonlar\u0131nda g\u00f6r\u00fclm\u00fc\u015ft\u00fc. Bu veri, y\u00fckseli\u015fin devam\u0131 i\u00e7in temel bir dayanak sunuyor. Al\u0131m opsiyonlar\u0131, s\u0131n\u0131rl\u0131 zarar (\u00f6denen primle s\u0131n\u0131rl\u0131 risk) ile olas\u0131 y\u00fckseli\u015ften faydalanma imk\u00e2n\u0131 sa\u011flar.<\/p>\n
Ekonomideki bu g\u00fc\u00e7, Japonya Merkez Bankas\u0131 (BoJ) \u00fczerinde para politikas\u0131n\u0131 normalle\u015ftirmeyi (\u00e7ok gev\u015fek politikadan daha s\u0131k\u0131 ve \u201cnormal\u201d faiz seviyelerine ge\u00e7i\u015f) beklenenden \u00f6nce g\u00fcndeme alma bask\u0131s\u0131 olu\u015fturuyor. G\u00fc\u00e7l\u00fc bir ekonomi daha y\u00fcksek faiz oranlar\u0131n\u0131 kald\u0131rabilir. Faiz art\u0131\u015f\u0131 yenin g\u00fc\u00e7lenmesine yol a\u00e7abilir. Bu nedenle dolar\/yen paritesinde yende al\u0131m opsiyonu (yenin dolar kar\u015f\u0131s\u0131nda de\u011fer kazanmas\u0131na y\u00f6nelik call) de\u011ferlendirilebilir; 2025\u2019e damga vuran a\u015f\u0131r\u0131 gev\u015fek politikalardan (ultra gev\u015fek; \u00e7ok d\u00fc\u015f\u00fck faiz ve y\u00fcksek likidite) uzakla\u015fma beklentisi \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n
Son veriler bu g\u00f6r\u00fc\u015f\u00fc destekliyor. Mart ay\u0131 \u00e7ekirdek T\u00fcketici Fiyat Endeksi (\u00e7ekirdek T\u00dcFE; oynak kalemler olan taze g\u0131da gibi unsurlar hari\u00e7 enflasyon g\u00f6stergesi) y\u0131ll\u0131k bazda %2,5 artt\u0131 ve Merkez Bankas\u0131 hedefinin \u00fcst\u00fcnde arka arkaya d\u00f6rd\u00fcnc\u00fc ay\u0131n\u0131 g\u00f6rd\u00fc. Kal\u0131c\u0131 enflasyon, Merkez Bankas\u0131\u2019n\u0131n mevcut duru\u015funu s\u00fcrd\u00fcrmesini zorla\u015ft\u0131r\u0131r.<\/p>\n
Bu nedenle Japon Devlet Tahvilleri (JGB; Japonya Hazine tahvilleri) hassas g\u00f6r\u00fcn\u00fcyor. Faiz art\u0131\u015f\u0131 ihtimali, tahvil getirilerinin (tahvil faizi) y\u00fckselmesine ve tahvil fiyatlar\u0131n\u0131n d\u00fc\u015fmesine yol a\u00e7ar. Bu beklenen fiyat d\u00fc\u015f\u00fc\u015f\u00fcnden yararlanmak i\u00e7in JGB vadeli i\u015flemlerinde sat\u0131m opsiyonu (put; belirli bir fiyattan satma hakk\u0131) al\u0131nmas\u0131 d\u00fc\u015f\u00fcn\u00fclebilir.<\/p>\n","protected":false},"excerpt":{"rendered":"
S\u00fcrpriz Japonya verisi: \u00d6nc\u00fc endeks \u015eubat\u2019ta 113,3\u2019e \u00e7\u0131karak beklentiyi a\u015ft\u0131. Dayan\u0131kl\u0131l\u0131k Nikkei\u2019de y\u00fckseli\u015fi desteklerken, BoJ\u2019un erken normalle\u015fmesiyle yen g\u00fc\u00e7lenebilir; JGB\u2019de faiz art\u0131\u015f\u0131 riski \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-45524","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=45524"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45524\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=45524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=45524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=45524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}