The Nikkei is down ¥601, while market attention is turning to US-Japan monetary policy events this week. With trading remaining subdued, focus is on the leading contributors and sector trends.
The Nikkei was down ¥601 at ¥63,410.50 as of 2:50 p.m. Among the leading negative contributors to the Nikkei, SoftBank Group, Advantest and Kioxia Holdings were prominent. In contrast, Recruit Holdings, Fast Retailing and Bandai Namco Holdings were the leading positive contributors.
By sector, Information & Communication, Nonferrous Metals, Rubber Products, Metal Products, and Iron & Steel were among the biggest decliners by percentage, while Services, Insurance, Other Products, Land Transportation, and Fishery, Agriculture & Forestry were among the biggest gainers. Overall, trading remained subdued.
This week, the market is closely watching the release of the Federal Open Market Committee (FOMC) decision and Federal Reserve Chair Warsh (ウォーシュ)'s press conference on the 16th, followed on the 18th by the release of the Bank of Japan's monetary policy meeting decision and a press conference by BOJ Governor Ueda (植田).
Market participants are expected to monitor future policy developments and interest-rate outlooks while gauging the course of the US-Japan monetary policy events.