Japanese Stocks Fall, What's Driving This Decline?
Japanese stocks declined on Tuesday (April 11th), following a sharp rise earlier. The Nikkei index fell 0.5%, reaching 52,136.68, with the retail and technology sectors leading the losses. Aeon Co. shares fell 4.6%, while Recruit Holdings fell 3.6%, indicating profit-taking after a period of significant gains.
Despite the Japanese market's decline, investors are still paying close attention to policy developments from Prime Minister Sanae Takaichi. Policy measures taken by the Japanese government could provide further clues about the direction of the country's economy. Investors are still looking for positive signals that could push stocks higher again in the near term.
Meanwhile, the USD/JPY currency pair was recorded at 154.31, slightly higher than its previous level of 154.21. This indicates that the US dollar remains strong amidst uncertainty in the Japanese stock market.
With much focus on domestic policies and economic conditions, market participants will continue to monitor whether this decline is temporary or will continue in the near future. (asd)
Source: Newsmaker.id
