In the Tokyo market on the 30th, the Nikkei 225 fell ¥490 after the open. Falling US stocks and higher oil prices weighed on the market, while investors grew more cautious ahead of the BOJ meeting.
At the opening of the morning session, the Nikkei 225 fell ¥490 from the previous day’s close. As of 9:05 a.m., the index was sharply lower than the previous day’s close, reflecting investor caution.
The simultaneous declines in the major indexes in the previous day’s US stock market weighed on share prices in Tokyo. Rising crude oil futures prices also dampened investor sentiment.
With the announcement of the BOJ Monetary Policy Meeting outcome and the governor’s press conference ahead, investors were seen refraining from aggressive buying, while the fall in US long-term yields the previous day provided support at times.
Earnings announcements for the July-September quarter are gathering pace, and interest in stocks with strong results could provide underlying support for the market.