The Nikkei Average was down ¥609 as of 1:50 p.m., with negative contributors dominating the top rankings. Recruit Holdings and Fast Retailing were among the leading positive contributors, while caution ahead of upcoming events is also spreading. With the FOMC and Bank of Japan meeting announcements due this week, investors are expected to continue assessing the market's direction.
The Nikkei Average was down ¥609 as of 1:50 p.m., with SoftBank Group, Advantest and Kioxia Holdings among the prominent negative contributors to the index. Recruit Holdings, Fast Retailing and Bandai Namco Holdings were among the leading positive contributors. By sector, Information & Communications, Nonferrous Metals, Rubber Products, Metal Products, and Iron & Steel led the declines.
The market has been moving within a narrow range, while downside support has remained firm, and the subsiding of the morning selling is seen as having brought a degree of reassurance. However, the FOMC decision and Federal Reserve Chair Warsh's press conference on the 16th, as well as the Bank of Japan's monetary policy meeting decision and Governor Ueda's press conference on the 18th, are scheduled for this week, and many market participants are waiting to assess their outcomes.