[Japan Market Conditions] Long-term interest rate decline, Bank of Japan interest rate hike observations recede - yen weakens, stocks are reluctant to cut

Updated 2024/7/30 16:12 JST (some excerpts)
Long-term interest rates accelerate decline and fall below 1% after 3:00 p.m. - first time in almost a month
Bank of Japan meeting, view that the results are in line with consensus - SMBC Nikko's Mr. Ta
Long-term interest rates declined (bond prices rose) in the Japanese market on the 30th. There were voices saying that the Bank of Japan's interest rate hike observations were receding, and the yen fell and stock prices were reluctant to fall.

Long-term interest rates fell below 1% after 3:00 p.m., for the first time in almost a month. According to market predictions, the Bank of Japan's interest rate hike was less than half, and it looks like long-term interest rates, which had been raised with an awareness of interest rate hikes, have fallen in line with this outlook. The yen fell rapidly due to falling interest rates, and the decline in Japanese stocks narrowed.