On the 6th, the Tokyo Stock Exchange and the Nikkei Stock Average fell by more than 290 yen due to concerns about corporate performance due to the rise in crude oil prices, and fell for the first time in about 12 years for 8 consecutive business days.
The depreciation of the yen led to a decline in the price of Japanese government bonds, resulting in a so-called triple depreciation.
The Nikkei Stock Average on the Tokyo Stock Exchange on the 6th temporarily rose by more than 300 yen in the morning, but in the afternoon it fell by more than 500 yen, resulting in rough price movements.
The Nikkei Stock Average, the closing price on the 6th, was 27,528.87 yen, which is 293.25 yen lower than the 5th.
This is the eighth consecutive business day of price declines, the first in about 12 years since July 2009.
In addition, the yen exchange rate has fallen in the Tokyo foreign exchange market, and Japanese government bonds have been sold in the bond market. It has risen to the level for the first time in four months.
It was a so-called triple depreciation, in which stocks, yen, and government bonds all fell in price.
The reasons for this are the future corporate performance due to the rise in crude oil prices and the growing sense of caution about inflation, especially in Europe and the United States.
The long-term interest rates of the United States have risen, and the long-term interest rates of Japanese government bonds have also risen.
"There are continuing concerns that the US government may be in default," said a market source.