The Nikkei Stock Average extended its advance against the backdrop of strength in the previous day's US market, closing at ¥65,018, up ¥882 from the previous day. The BOJ Monetary Policy Meeting decided on the expected rate hike, and attention is focused on the remarks by BOJ Governor Ueda (植田).
The Nikkei Stock Average struggled to gain ground after trading began, but moved in a narrow range after the opening and fell to an intraday low of ¥64,403 in the 10 a.m. hour. It then widened its gains, closing the morning session at ¥64,662, before rising again in the afternoon to reach an intraday high of ¥65,436. It ultimately ended trading at ¥65,018, up ¥882 from the previous day.
TOPIX fell 3 points to 4,091 points, reversing lower. Meanwhile, the TSE Growth Stock Index rose 19 points to 808 points, extending its advance.
Among individual stocks, Saint Marc Holdings rose 2.4% to ¥2,535 after announcing that it would acquire the business of the udon restaurant chain TsuruTonTan for ¥12.8 billion. SoftBank Group extended its advance, rising 1.1% to ¥6,315, as the rise in Arm Holdings' share price was viewed as a factor that could improve fund management earnings. BuySell Technologies rose 5.4% to ¥3,070, supported by its acquisition announcement and business updates on its mobile purchasing service. Hirata Corporation rose 5.7% to ¥3,790, with an increase in its target price by a major Japanese brokerage viewed as a catalyst. Kyushu Financial Group rose 3.3% to ¥1,678, renewing its all-time high since listing.
The BOJ Monetary Policy Meeting resulted in the expected rate hike, and attention is focused on how BOJ Governor Ueda (植田) will address future rate hikes and his view of inflation at the press conference.