At the beginning of the week, the Tokyo stock market on the 20th saw little movement in stock prices as active trading was refrained due to the difficulty in predicting the direction of monetary policy in Japan and the United States.

The Nikkei Stock Average, the closing price on the 20th, was 27,531.94 yen, 18.81 yen higher than last weekend.



The Tokyo Stock Price Index = Topics rose 7.78 to 1999.71.



The daily trading volume was 1,013,080,000 shares.



Markets are focused on how far the Fed will continue to tighten monetary policy to curb persistent inflation in the United States, and what impact this will have on the economy.



Recently, US economic indicators, such as last month's employment statistics, have shown growth that exceeds market expectations, and there are voices pointing out that the economy will reaccelerate.



For this reason, there is a growing sense of caution that the Fed will continue to raise interest rates not only at its next meeting in March, but also at its monetary policy meeting in May.



In Japan, on the 24th, the Bank of Japan's presidential candidate, Kazuo Ueda, will be heard and questioned in the Diet, raising market interest in the direction of future monetary policy.