[Tokyo 20th Archyde.com]- The Nikkei average has fallen sharply in the aftermarket. Investors were disgusted by the fact that the Bank of Japan announced that it would revise its large-scale easing, effectively raising interest rates. Compared to the closing of the previous session, it temporarily dropped more than 600 yen. Banking industry has been greatly favored as long-term interest rate fluctuation range is expanded from 0.25% to 0.5%.
Mitsunari Akino, director of Ichiyoshi Asset Management, said, “This is a negative factor for the market. All sectors other than banks, life insurance, and non-life insurance will fall.” It’s not strange,” he said.
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