Japanese Shares Close Flat as Bond Yields Rebound
Japan Stock MarketThe Nikkei 225 and Topix indexes ended little changed on Wednesday, giving up early gains as Japanese government bond yields rebounded following comments from Bank of Japan Governor Kazuo Ueda.
Speaking in parliament, Ueda emphasized that shifts in short- and medium-term interest rates have a more direct impact on economic activity than changes in super-long yields. However, he also acknowledged that volatility in the long end of the yield curve can spill over into shorter maturities, potentially tightening overall financial conditions.
The rebound in yields weighed on sentiment, capping earlier momentum in the equity market. Among notable losers were Kawasaki Heavy Industries (-1.1%), Disco (-0.9%), and Sanrio (-5.6%). On the upside, strong gains were recorded in Metaplanet (+9.5%), Advantest (+1.6%), and Lasertec (+2.2%), helping to limit broader losses.
Source: Trading Economi
