The Nikkei 225 fell 0.7% to around 38,600, while the broader Topix index shed 0.6% to 2,791 on Thursday, ending a three-day winning streak as investors locked in profits and weighed global uncertainties.
Overnight, the U.S. Federal Reserve kept interest rates steady, with policymakers taking a cautious stance amid concerns about the inflationary impact of President Donald Trump's tariffs. Geopolitical tensions are also adding to the pressure, as the ongoing Israel-Iran conflict raises concerns about expanding U.S. involvement in the Middle East. At home, investors are turning their attention to upcoming inflation data, which could influence the Bank of Japan's monetary policy outlook.
Earlier this week, the central bank kept interest rates unchanged and signaled a gradual approach to reducing its balance sheet, reiterating a cautious path toward policy normalization. Major decliners included Advantest (-1.6%), Disco (-2.1%), Tokyo Electron (-2%), Sony Group (-2.6%), and Kawasaki Heavy Industries (-3.4%).(alg)
Source: Trading Economics
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