Japanese equities showed mixed results on Monday as the Nikkei 225 edged up 0.08% to 39,533, while the Topix dipped 0.09% to 2,740.
Japanese shares mixed amid policy uncertainty
The market responded to the Bank of Japan’s October policy meeting summary, which highlighted divisions among policymakers regarding the timing of future rate hikes. While some members voiced concerns over global economic risks and the yen’s depreciation, the central bank is holding to its forecast of raising the benchmark rate to 1% by the latter half of the 2025 fiscal year.
Sony surged by 5.9%
In corporate news, Sony Group surged 5.9% on stronger-than-expected second-quarter earnings, largely supported by the success of its gaming division. Other companies saw gains as well, with Fujikura and Furukawa Electric climbing 5.6% and 14.8%, respectively, following solid quarterly results. In contrast, Nissan Motors declined 4.3% after reducing its annual sales forecast, reflecting the mixed landscape for Japanese firms amid a complex economic environment.
