On the 21st, the Tokyo foreign exchange market and the yen exchange rate rose after the Bank of Japan revised its monetary easing measures.
On the 20th, the Bank of Japan revised its large-scale monetary easing measures, raising the upper limit of the fluctuation range of long-term interest rates from about 0.25% to about 0.5%.
In response to this, there was a growing awareness of the narrowing of the interest rate differential between Japan and the United States, and the movement to sell the dollar and buy the yen spread in the foreign exchange market on the 20th. , has risen to the 130 yen level for 1 dollar.
In addition, on the Tokyo stock market, stock prices have fallen slightly due to the spread of sell orders for export-related stocks due to the appreciation of the yen.
The Nikkei Stock Average closed in the morning at 26,508.73 yen, 59.30 yen lower than the closing price on the 20th.
The Tokyo Stock Price Index = Topics fell 0.20 to 1905.39.
Morning trading volume was 993.83 million shares.
On the other hand, in the bond market on the 21st, the yield of 10-year government bonds, which is a representative indicator of long-term interest rates, rose to 0.450% after the Bank of Japan raised the fluctuation range of long-term interest rates to about 0.5%. Did.
A market insider said, "In response to the Bank of Japan's unexpected policy revision, there is a growing sense of caution in the market that there may be further revisions in the future."