The Nikkei 225 Index traded flat to close around 50,412 on Tuesday, following a two-session winning streak, as investors adopted a cautious stance ahead of the government's finalization of the fiscal 2026 draft budget on Friday.
The upcoming budget is projected to exceed ¥122 trillion ($781 billion), marking a record high and requiring bond issuance above last year's ¥28.6 trillion. This would come on top of a ¥21.3 trillion stimulus package funded through a supplementary budget for the current fiscal year, aimed at alleviating households from the effects of rising living costs.
Notable gainers included Mitsubishi UFJ Financial Group (0.5%), Sony Group (2.6%), Chugai Pharmaceutical Co. Ltd. (1.2%), and Mizuho Financial Group (1%). In contrast, Tokyo Electron slipped 0.8%, and Advantest fell 2%, despite gains in US chip stocks overnight. Investor concerns over the high valuations of AI-related stocks lingered, tempering enthusiasm in Japan's technology sector.
Source: Trading Economi
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