This calls for an interest rate cut.

I believe that this interest rate hike is the correct decision. Although it came with significant pain, if the interest rate had not been raised, the yen would have weakened to 170 yen and prices would have increased further. However, the timing is delicate. It would have been better to hint about the interest rate hike around June beforehand, given that it was in the volatile month of August when stock prices tend to fall easily.

On the 6th, the Japanese stock market, following the historic decline on the 5th, rebounded significantly, with the Nikkei average up 10.23% and TOPIX up 9.30%.The Nikkei average, turning around from the previous day's record decline of 4,451.28 yen, recorded the largest increase of 3,217.04 yen.In addition to the rebound from the decline on the 5th, the reversal of the exchange rate to a weaker yen, and the market's relief as the US July ISM non-manufacturing PMI exceeded market expectations at 51.4, easing concerns of an economic slowdown.
Some investors see it as a "bargain sale".
Regarding the volatile movement of the Japanese stock market, domestic fund managers believe that "overseas long-term investors see it as a bargain sale and are moving to buy".There is a possibility that "overseas long-term investors see it as a bargain sale and are moving to buy" (Nikkei newspaper dated 6th).Furthermore, Bloomberg dated 6th states that "as the exchange rate stabilizes, buying back of Japanese stocks is occurring according to Risona Asset Management's Chief Strategist Shimode Shuuichi".If there is no change in performance, it is clear that Japanese stocks are undervalued.It introduces comments that some investors consider it a great buying opportunity.
Will there be unstable movements for a while?
On the other hand, as mentioned above, Shimode, Chief Strategist...

Please make that statement yesterday or the day before yesterday.
If we had done that, we wouldn't have had such a crash.
In terms of a great buying opportunity, it was good, but many people lost assets.

Considering the unexpected reversal during the Corona shock and the market's rise beyond expectations, it's not advisable to panic sell. With the anticipated interest rate cut in America, the market should recover after the Bon Festival.