FX.co ★ Japanese Shares Track Wall Street Losses

The Nikkei 225 Index declined by 0.5% to approximately 42,100, while the broader Topix Index fell by 0.2% to 3,076 on Wednesday. This downturn negated previous gains and reflected Wall Street's pullback. U.S. equities took a hit overnight, influenced by increasing global bond yields, rising economic uncertainties, and renewed trade tensions. Domestically, Ryozo Himino, Deputy Governor of the Bank of Japan, mentioned on Tuesday that the central bank should continue to increase rates gradually; however, he emphasized that global risks remain high, indicating no immediate need for aggressive tightening measures. Investors are now anticipating the release of new Japanese wage figures later this week, which could provide insights into future policy directions. Notably, significant losses occurred among key index players such as SoftBank Group (-3.4%), Mitsubishi Heavy Industries (-2.5%), Advantest (-1.1%), Tokyo Electron (-1.2%), and Sanrio (-1.3%).