Reported 8 days ago
Japanese stocks fell sharply after Shigeru Ishiba's unexpected win in the ruling party leadership race surprised investors who anticipated more monetary easing under his rival, Sanae Takaichi. The Nikkei 225 index dropped 4.8%, the steepest decline since August, reflecting a selloff fueled by speculation and concerns over export performance related to the yen's strength. Analysts suggest this decline is temporary, with investors likely to refocus on economic fundamentals, even as Ishiba emphasizes a cautious approach towards monetary policy.
Source: YAHOO