But the banking sector in Japanese Stock Exchange Monday rose 1.19 percent and was the best performer among the sectors’ sub-indices.
Speculation increased that the Japanese central bank might adjust its policy of relying on a very low interest rate after a report that the government may consider reviewing a joint statement with the Japanese government. Bank of Japan on the target inflation rate for next year.
Fukuoka Financial Group rose 2.01 percent, Risuna Holding 1.96 percent and Shizuoka Financial Group rose 1.88 percent, becoming the third largest supporter of the Nikkei index.
said Yugo Tsuboi, chief strategist at Daiwa Securities "In the absence of positive indicators, the news pushed the banking sector to rise and limited losses".
Toshiba shares fell 6.86 percent after a report said that Gabbat Industrial Partners, the best bidder for Toshiba, might downgrade the company.
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The Nikkei fell 1.05 percent to close at 27,237.64 points, the lowest level since November 4, in the third consecutive session of decline. The broader Topix index fell 0.76 percent to 1935.41 points.
And it landed US stocks For the third consecutive session on Friday, it recorded the second week of losses, with continued concerns that the US central bank’s effort to curb inflation It will push the economy into recession.
But the banking sector in Japanese Stock Exchange Monday rose 1.19 percent and was the best performer among the sectors’ sub-indices.
Speculation increased that the Japanese central bank might adjust its policy of relying on a very low interest rate after a report that the government may consider reviewing a joint statement with the Japanese government. Bank of Japan on the target inflation rate for next year.
Fukuoka Financial Group rose 2.01 percent, Risuna Holding 1.96 percent and Shizuoka Financial Group rose 1.88 percent, becoming the third largest supporter of the Nikkei index.
“In the absence of positive indicators, the news pushed the banking sector higher and limited losses,” said Yugo Tsuboi, chief strategist at Daiwa Securities.
Toshiba shares fell 6.86 percent after a report said that Gabbat Industrial Partners, the best bidder for Toshiba, might downgrade the company.