At the beginning of the week on the 16th, the Tokyo stock market fell sharply as sell orders spread to export-related stocks as the yen strengthened against the dollar in the foreign exchange market.
The closing price of the Nikkei Stock Average on the 16th was 25,822.32 yen, 297.20 yen lower than last weekend.
The Tokyo Stock Price Index = Topics fell 16.77 to 1886.31.
The daily trading volume was 1,140,010,000 shares.
On the 16th, the beginning of the week, the Tokyo stock market fell sharply for two consecutive business days as export-related stocks were sold against the backdrop of the further appreciation of the yen against the dollar.
According to the Bank of Japan's Tankan released last month, the expected exchange rate for this fiscal year for large export-related companies and manufacturers is around 130 yen to the dollar.
Under these circumstances, the appreciation of the yen against the dollar has progressed beyond this level, further increasing concerns about the deterioration of business performance.
The direction of the yen exchange rate is likely to be greatly influenced by the content of the monetary policy meeting held by the Bank of Japan on the 17th and 18th.
Markets are waiting with bated breath to see what the BOJ will do, with many investors remembering the surprise policy revision last month.