Tokyo stocks rebounded after the BOJ raised rates for the first time in two meetings, with the Nikkei 225 closing ¥882.70 higher than the previous day at ¥60,018.95. Gains in AI and semiconductor stocks and falling US long-term interest rates supported the market.
The Nikkei 225 closed ¥882.70 higher than the previous day at ¥60,018.95, rebounding at the close.
The BOJ raised its policy rate for the first time in two meetings, bringing it to around 1.25%. There were only 2 dissenting votes.
AI and semiconductor stocks led the market higher, with Advantest and Kioxia each rising around 7%.
Views spread that concerns over inflation had eased in the United States, and falling US long-term interest rates supported Japanese and US stocks.