{"id":62224,"date":"2024-09-30T06:42:30","date_gmt":"2024-09-30T06:42:30","guid":{"rendered":"https:\/\/efimarkets.com\/blog\/?p=62224"},"modified":"2024-09-30T06:44:21","modified_gmt":"2024-09-30T06:44:21","slug":"japans-nikkei-drops-4-as-yen-strengthens-following-ishibas-victory","status":"publish","type":"post","link":"https:\/\/bhimmarkets.com\/blog\/japans-nikkei-drops-4-as-yen-strengthens-following-ishibas-victory\/","title":{"rendered":"Japan&#8217;s Nikkei Drops 4% as Yen Strengthens Following Ishiba&#8217;s Victory"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"62224\" class=\"elementor elementor-62224\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dfea679 e-con-boxed e-flex e-con\" data-id=\"dfea679\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-725bca8 elementor-widget elementor-widget-image\" data-id=\"725bca8\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.0 - 24-04-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/economictimes.indiatimes.com\/\">\n\t\t\t\t\t\t\t<img decoding=\"async\" loading=\"lazy\" width=\"756\" height=\"499\" src=\"https:\/\/bhimmarkets.com\/blog\/wp-content\/uploads\/2024\/09\/nikkie.png\" class=\"attachment-large size-large wp-image-62225\" alt=\"Japan&#039;s Nikkei Drops 4%\" srcset=\"https:\/\/bhimmarkets.com\/blog\/wp-content\/uploads\/2024\/09\/nikkie.png 756w, https:\/\/bhimmarkets.com\/blog\/wp-content\/uploads\/2024\/09\/nikkie-300x198.png 300w\" sizes=\"(max-width: 756px) 100vw, 756px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-078d4e5 e-con-boxed e-flex e-con\" data-id=\"078d4e5\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-87d52bb elementor-widget elementor-widget-text-editor\" data-id=\"87d52bb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.0 - 24-04-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<h1><span style=\"color: #000000;\">Japan&#8217;s Nikkei Drops 4%<\/span><\/h1><p><span style=\"color: #000000;\">Japan&#8217;s Nikkei drops 4% fell sharply on Monday, dropping more than 4%, in response to a significantly stronger yen. The plunge comes after Shigeru Ishiba, perceived as a monetary policy hawk, won the contest to become the country&#8217;s next prime minister.<\/span><\/p><h3><span style=\"color: #000000;\">Market Reaction: Nikkei and Topix Decline<\/span><\/h3><p><span style=\"color: #000000;\">As of 0020 GMT, the <strong>Nikkei index<\/strong> traded 4.11% lower, settling at <strong>38,191.13<\/strong>. The broader <strong>Topix index<\/strong> also took a hit, shedding <strong>2.9%<\/strong>. This sharp decline highlights investor concerns over potential shifts in Japan&#8217;s economic and monetary policies under Ishiba\u2019s leadership.<\/span><\/p><h3><span style=\"color: #000000;\">Government Bond Yields Rise<\/span><\/h3><p><span style=\"color: #000000;\">In bond markets, <strong>Japanese government bond yields<\/strong> spiked, with the yield on 10-year benchmark notes rising by 5 basis points to reach <strong>0.855%<\/strong>. This increase reflects heightened uncertainty regarding the direction of future monetary policies.<\/span><\/p><h3><span style=\"color: #000000;\">Ishiba\u2019s Victory: A Turning Point for Japan\u2019s Monetary Policy?<\/span><\/h3><p><span style=\"color: #000000;\">Ishiba, a well-known critic of the <strong>Bank of Japan\u2019s extraordinary stimulus<\/strong> measures over the past decade, defeated Sanae Takaichi, a monetary-policy dove, in a close contest on Friday. Since the election result was announced after the markets had closed, the full impact was seen in Monday\u2019s trading session. Ishiba is set to take office on Tuesday.<\/span><\/p><h3><span style=\"color: #000000;\">Ishiba\u2019s Current Stance: Policy Remains Uncertain<\/span><\/h3><p><span style=\"color: #000000;\">Despite his past criticism of Japan&#8217;s aggressive stimulus policies, Ishiba\u2019s current approach to monetary policy remains unclear. Over the weekend, he told national broadcaster NHK that <strong>&#8220;monetary policy must remain accommodative as a trend given current economic conditions,&#8221;<\/strong> leaving room for speculation on how his leadership might shape future policies.<\/span><\/p><h5><strong>Trade Anytime, Anywhere with EFI <span style=\"color: #000000;\">Markets<\/span><\/strong><\/h5><p><span style=\"color: #000000;\">EFI Markets is a trusted\u00a0<\/span><a href=\"https:\/\/efimarkets.com\/stocks\">stock market trading platform<\/a><span style=\"color: #000000;\">,\u00a0making trading easy with its efficient interface and a variety of tools and features.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Japan&#8217;s Nikkei Drops 4% Japan&#8217;s Nikkei drops 4% fell sharply on Monday, dropping more than 4%, in response to a significantly stronger yen. The plunge comes after Shigeru Ishiba, perceived as a monetary policy hawk, won the contest to become the country&#8217;s next prime minister. Market Reaction: Nikkei and Topix Decline As of 0020 GMT, &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/bhimmarkets.com\/blog\/japans-nikkei-drops-4-as-yen-strengthens-following-ishibas-victory\/\"> <span class=\"screen-reader-text\">Japan&#8217;s Nikkei Drops 4% as Yen Strengthens Following Ishiba&#8217;s Victory<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":62225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[12,3],"tags":[20,14,5,34],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Japan&#039;s Nikkei Drops 4% as Yen Strengthens<\/title>\n<meta name=\"description\" content=\"Japan&#039;s Nikkei Drops 4% as the yen strengthens in response to Ishiba&#039;s win, sparking concerns over Japan&#039;s economic outlook.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bhimmarkets.com\/blog\/japans-nikkei-drops-4-as-yen-strengthens-following-ishibas-victory\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Japan&#039;s Nikkei Drops 4% as Yen Strengthens\" \/>\n<meta property=\"og:description\" content=\"Japan&#039;s Nikkei Drops 4% as the yen strengthens in response to Ishiba&#039;s win, sparking concerns over Japan&#039;s economic outlook.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bhimmarkets.com\/blog\/japans-nikkei-drops-4-as-yen-strengthens-following-ishibas-victory\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-30T06:42:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-30T06:44:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bhimmarkets.com\/blog\/wp-content\/uploads\/2024\/09\/nikkie.png\" \/>\n\t<meta property=\"og:image:width\" content=\"756\" \/>\n\t<meta property=\"og:image:height\" content=\"499\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"OwHOZud0h0U2w6dL8ST\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"OwHOZud0h0U2w6dL8ST\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bhimmarkets.com\/blog\/japans-nikkei-drops-4-as-yen-strengthens-following-ishibas-victory\/\",\"url\":\"https:\/\/bhimmarkets.com\/blog\/japans-nikkei-drops-4-as-yen-strengthens-following-ishibas-victory\/\",\"name\":\"Japan's Nikkei Drops 4% as Yen Strengthens\",\"isPartOf\":{\"@id\":\"https:\/\/bhimmarkets.com\/blog\/#website\"},\"datePublished\":\"2024-09-30T06:42:30+00:00\",\"dateModified\":\"2024-09-30T06:44:21+00:00\",\"author\":{\"@id\":\"https:\/\/bhimmarkets.com\/blog\/#\/schema\/person\/63db6c7de82aa9bcb044e573b2f4befe\"},\"description\":\"Japan's Nikkei Drops 4% as the yen strengthens in response to Ishiba's win, sparking concerns over Japan's economic outlook.\",\"breadcrumb\":{\"@id\":\"https:\/\/bhimmarkets.com\/blog\/japans-nikkei-drops-4-as-yen-strengthens-following-ishibas-victory\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/bhimmarkets.com\/blog\/japans-nikkei-drops-4-as-yen-strengthens-following-ishibas-victory\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/bhimmarkets.com\/blog\/japans-nikkei-drops-4-as-yen-strengthens-following-ishibas-victory\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/bhimmarkets.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Japan&#8217;s Nikkei Drops 4% as Yen Strengthens Following Ishiba&#8217;s Victory\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/bhimmarkets.com\/blog\/#website\",\"url\":\"https:\/\/bhimmarkets.com\/blog\/\",\"name\":\"\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/bhimmarkets.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/bhimmarkets.com\/blog\/#\/schema\/person\/63db6c7de82aa9bcb044e573b2f4befe\",\"name\":\"OwHOZud0h0U2w6dL8ST\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/bhimmarkets.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4552fd24ed1ae02fc232995d10c209fd?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4552fd24ed1ae02fc232995d10c209fd?s=96&d=mm&r=g\",\"caption\":\"OwHOZud0h0U2w6dL8ST\"},\"description\":\"puritogel puritogel88 login puritogel login puritogel88 link puritogel link puritogel88 puri togel puri togel88 slot garansi kekalahan slot server thailand slot server luar nemo69 nemo69 hanoman138 nemo69 hanoman138 nemo69 hanoman138 rp888 sonic303 77rabbit 77 rabbit 33hbet login 33hbet link 33hbet 33hbet login 33hbet link 33hbet 33hbet login 33hbet link 33hbet\",\"sameAs\":[\"https:\/\/efimarkets.com\/blog\"],\"url\":\"https:\/\/bhimmarkets.com\/blog\/author\/owhozud0h0u2w6dl8st\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Japan's Nikkei Drops 4% as Yen Strengthens","description":"Japan's Nikkei Drops 4% as the yen strengthens in response to Ishiba's win, sparking concerns over Japan's economic outlook.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/bhimmarkets.com\/blog\/japans-nikkei-drops-4-as-yen-strengthens-following-ishibas-victory\/","og_locale":"en_US","og_type":"article","og_title":"Japan's Nikkei Drops 4% as Yen Strengthens","og_description":"Japan's Nikkei Drops 4% as the yen strengthens in response to Ishiba's win, sparking concerns over Japan's economic outlook.","og_url":"https:\/\/bhimmarkets.com\/blog\/japans-nikkei-drops-4-as-yen-strengthens-following-ishibas-victory\/","article_published_time":"2024-09-30T06:42:30+00:00","article_modified_time":"2024-09-30T06:44:21+00:00","og_image":[{"width":756,"height":499,"url":"https:\/\/bhimmarkets.com\/blog\/wp-content\/uploads\/2024\/09\/nikkie.png","type":"image\/png"}],"author":"OwHOZud0h0U2w6dL8ST","twitter_card":"summary_large_image","twitter_misc":{"Written by":"OwHOZud0h0U2w6dL8ST","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/bhimmarkets.com\/blog\/japans-nikkei-drops-4-as-yen-strengthens-following-ishibas-victory\/","url":"https:\/\/bhimmarkets.com\/blog\/japans-nikkei-drops-4-as-yen-strengthens-following-ishibas-victory\/","name":"Japan's Nikkei Drops 4% as Yen Strengthens","isPartOf":{"@id":"https:\/\/bhimmarkets.com\/blog\/#website"},"datePublished":"2024-09-30T06:42:30+00:00","dateModified":"2024-09-30T06:44:21+00:00","author":{"@id":"https:\/\/bhimmarkets.com\/blog\/#\/schema\/person\/63db6c7de82aa9bcb044e573b2f4befe"},"description":"Japan's Nikkei Drops 4% as the yen strengthens in response to Ishiba's win, sparking concerns over Japan's economic outlook.","breadcrumb":{"@id":"https:\/\/bhimmarkets.com\/blog\/japans-nikkei-drops-4-as-yen-strengthens-following-ishibas-victory\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/bhimmarkets.com\/blog\/japans-nikkei-drops-4-as-yen-strengthens-following-ishibas-victory\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/bhimmarkets.com\/blog\/japans-nikkei-drops-4-as-yen-strengthens-following-ishibas-victory\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/bhimmarkets.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Japan&#8217;s Nikkei Drops 4% as Yen Strengthens Following Ishiba&#8217;s Victory"}]},{"@type":"WebSite","@id":"https:\/\/bhimmarkets.com\/blog\/#website","url":"https:\/\/bhimmarkets.com\/blog\/","name":"","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/bhimmarkets.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/bhimmarkets.com\/blog\/#\/schema\/person\/63db6c7de82aa9bcb044e573b2f4befe","name":"OwHOZud0h0U2w6dL8ST","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/bhimmarkets.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/4552fd24ed1ae02fc232995d10c209fd?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4552fd24ed1ae02fc232995d10c209fd?s=96&d=mm&r=g","caption":"OwHOZud0h0U2w6dL8ST"},"description":"puritogel puritogel88 login puritogel login puritogel88 link puritogel link puritogel88 puri togel puri togel88 slot garansi kekalahan slot server thailand slot server luar nemo69 nemo69 hanoman138 nemo69 hanoman138 nemo69 hanoman138 rp888 sonic303 77rabbit 77 rabbit 33hbet login 33hbet link 33hbet 33hbet login 33hbet link 33hbet 33hbet login 33hbet link 33hbet","sameAs":["https:\/\/efimarkets.com\/blog"],"url":"https:\/\/bhimmarkets.com\/blog\/author\/owhozud0h0u2w6dl8st\/"}]}},"_links":{"self":[{"href":"https:\/\/bhimmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/62224"}],"collection":[{"href":"https:\/\/bhimmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bhimmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bhimmarkets.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bhimmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=62224"}],"version-history":[{"count":4,"href":"https:\/\/bhimmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/62224\/revisions"}],"predecessor-version":[{"id":62229,"href":"https:\/\/bhimmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/62224\/revisions\/62229"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bhimmarkets.com\/blog\/wp-json\/wp\/v2\/media\/62225"}],"wp:attachment":[{"href":"https:\/\/bhimmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=62224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bhimmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=62224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bhimmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=62224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}