business / news / / The Economic Times
The benchmark Nikkei 225 Index fell 1% to close at 62,654.05.
Japan's Nikkei 225 reached a record high of 63,799.32 before closing down 1% at 62,654.05.
KEY POINTS
- Long-term Japanese government bond yields hit record highs due to inflation from the Middle East crisis.
- Bank of Japan board member Kazuyuki Masu advocated for an early interest rate hike to control inflation.
- Major real estate developer Mitsui Fudosan plunged 10% as rising interest rates hit real estate stocks.
- SoftBank Group reported net profit more than tripled, yet its shares fell 4%.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →