Nikkei 225 Plummets Over 8%, Halts Futures Trading
Japan’s Nikkei 225 Index fell over 8%, triggering a futures circuit breaker and marking its worst drop since 1987.
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Japan’s Nikkei 225 Index fell over 8%, triggering a futures circuit breaker and marking its worst drop since 1987.
The Japanese yen has reached its lowest level against the US dollar since 1990, amid strong US inflation data and rising dollar rates. Authorities watch for potential intervention.
Japan is leading the G20 in semiconductor subsidies, allocating 0.71% of its GDP to the sector, surpassing the US and Germany. This strategic investment aims to secure Japan’s position in the global tech landscape.
The Bank of Japan has ended its 17-year negative interest rate policy and implemented its first rate hike, signaling a shift away from prolonged monetary easing to achieve stable inflation.