Muscat: Japan’s stock markets declined today amid a broad sell-off in long-term bonds, as renewed concerns about the country’s fiscal outlook resurfaced ahead of this month’s upper house elections. The benchmark 225-issue Nikkei Stock Average fell 223.20 points, or 0.56%, from Friday’s close to settle at 39,587.68.
According to Oman News Agency, the broader Topix index also lost grounds, declining 16.23 points, or 0.57%, to finish at 2,811.72. Meanwhile, the yield on 10-year Japanese government bonds (JGBs) climbed approximately 3 basis points to 1.463%, reflecting the bond market’s sentiment.