On the Tokyo stock market on the 1st, stock prices fell as expectations that the US Federal Reserve Board would move to lower interest rates quickly receded.
▽Nikkei Stock Average, the closing price for the day was 36,011.46 yen, 275.25 yen lower than the closing price on January 31st. ▽
TSE Stock Price Index = Topics was 2,534.04 yen, down 17.06
▽The trading volume for the day was 1,777.54 million shares. was.
The Nikkei Stock Average on the 1st fell for the first time in four business days.
A major factor was the remarks of the US Federal Reserve Board Chairman Jerome Powell.
Investors have been increasingly interested in when the Fed, which has continued to raise interest rates to curb inflation, will start cutting rates, but in a press conference early on the 1st, Japan time, Chairman Powell expressed caution about cutting interest rates early. I showed it.
As a result, high-tech stocks, which are susceptible to interest rates, fell in the New York market, and sell orders spread to semiconductor-related stocks in the Tokyo market as well.
In addition, the yen appreciated in the foreign exchange market due to the perception that the Bank of Japan was close to raising interest rates in response to the Federal Reserve being cautious about lowering interest rates, and Japanese export-related stocks were also sold.
Differences in expectations regarding the direction of monetary policy between Japan and the United States have affected stock prices, and the stock market is likely to continue trading with an eye to the timing of policy changes.