Japanese Shares Fall for Second Session
The Nikkei 225 Index fell 0.69% to 45,044 while the broader Topix Index sank 1.74% to 3,132 on Monday, extending losses for a second day as many Japanese stocks traded ex-dividend and investors braced for a heavy data calendar that could clarify the economic outlook.
Key releases include the Tankan business sentiment survey, consumer confidence, industrial production, retail sales and the latest Bank of Japan Summary of Opinions.
Minutes from the BOJ’s July meeting indicated policymakers remain open to further tightening if growth and inflation trend as expected. Financial and consumer names led declines, with notable drops in Mitsubishi UFJ (-2.8%), Sumitomo Mitsui (-3.3%), Mizuho Financial (-3.2%), Sony Group (-3.1%) and Toyota Motor (-3.4%). In contrast, Sony Financial Group surged 16% after being spun off from Sony Group.
Source: Trading Economics