Japanese stocks are expected to draw greater attention this week to long-term interest rates and the situation in the Middle East, with the Nikkei Stock Average seen targeting the ¥67,000 range.
Long-term interest rates and the situation in the Middle East are likely to draw attention in financial markets this week. The Nikkei Stock Average is seen targeting the ¥67,000 range, while the yen is expected to trade at ¥156.50 to ¥160.50 per dollar in the foreign exchange market. In the bond market, the yield on newly issued 10-year government bonds, a benchmark for long-term interest rates, is expected to move generally around 3.0%.
Food prices are also expected to rise again in October, affecting more than 3,000 items, with some warning that this will increase the burden on household finances.
In terms of regional economic developments, a forum by the Okinawa Development Finance Corporation on population decline and management is scheduled to take place on the 2nd of next month.