Stocks, interest rates, government bonds: The Nikkei average continued to decline in the morning session, with Fast Retailing pushing it down. A rebound pace in the mid-session, government bond futures in the morning session fell, with a long-term interest rate of 1.185%. Bank of Japan's interest rate hike speculation weighs on.

At 11:35 AM, the morning session of the Nikkei Average continues to decline, with Fast Retailing pushing it down, and showing a recovery pace from the middle of the day.
In the morning session of the Tokyo stock market, the Nikkei Average continued to decline, closing at 39,411.76 yen, down 193.33 yen from the previous trading day. With clues such as the closure of the previous day's US stock market making material difficult to come by, the market developed with a dominant selling trend. Many view the significant decline of Fast Retailing as a major factor driving down the overall market. Although it temporarily fell to 39,166.05 yen, down 439.04 yen from the previous trading day, it showed a recovery pace from the middle of the day.

Government bond futures fell in the morning session, with a long-term interest rate of 1.185%. Speculation about a Bank of Japan interest rate hike weighs on the market.
The central month of the government bond futures, the March contract, closed the morning session with a decline of 11 sen from the previous trading day, at 141.20 yen. Speculation about an additional Bank of Japan interest rate hike weighed on the market. In the spot market, the yield on the newly issued 10-year government bonds (long-term interest rates) rose by 1.5 basis points to 1.185%.
Today's government bond futures continued the downward trend from overnight trading and started with a selling trend. During the day, with no government bond supply-demand events such as auctions or operations leading to limited new trading opportunities, it moved weakly.
Inamatsu Katsutoshi, Senior Strategist at Sumitomo Mitsui Trust Asset Management, describes it as "price movements unexpectedly weak."