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The Bank of Japan's hawkish stance and escalating economic recession concerns resulted in the Japanese stock market falling for the second consecutive day.
Due to market expectations that Japan's central bank will further tighten monetary policy, the Japanese stock market has plummeted for the second consecutive day.
8/2 [Strength and Weakness Materials]
[Bullish and Bearish Factors]: Bullish factors include declining US long-term interest rates, expectations for subdued inflation in the US, active share buybacks, and Tokyo Stock Exchange's request for improving corporate value. Bearish factors include the following: Nikkei Average's decline (38,126.33, -975.49), Dow Jones Industrial Average's decline (40,347.97, -494.82), Nasdaq Composite Index's decline (17,194.15, -405.25), USD/JPY rate (149.30-40 yen), Chicago Nikkei Futures' decline (36,845, compared to Osaka, -1,105), and SOX index's decline (4859.
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