The Nikkei 225 hit a three-month low in Tokyo trading on 23 September, falling to a level approximately ¥1,400 below the previous day’s close. Movements in the government bond market also suggested the market’s future direction.
The Nikkei 225 continued to decline in Tokyo stock trading on 23 September, falling approximately ¥1,400 from the previous day to the mid-¥61,400s.
At one point during the session, the Nikkei 225 fell below the ¥62,000 level, the first time this had happened since 31 July.
With the decoupling between stocks and government bonds having continued until now, market observers suggested that government bond movements had once again become a focus for the market.