Franklin FTSE Japan ETF

FLJP

Market cap $3.66B

The Nikkei 225 Index traded sideways on July 8 as artificial intelligence (AI) stocks rebounded after Tuesday's sharp sell-off. The index was trading at 39,770, about 7% below its highest level this year.

JGBs fell in price terms in early Tokyo trade amid concerns over Japan's fiscal policies.

Japanese stocks were lower in early trade as uncertainty over the Middle East conflict continues.

Reports that Japan's Ministry of Finance is abandoning its custom of telegraphing intervention risks and may instead enter the FX market to surprise market participants, has traders on edge.

The Nikkei 225 Index has sold off recently as investors book profits following its strong rally to the all-time high of 72,781 in June. It was trading at 69,190 on Thursday, up by 37% this year.

Ayano Sato pledged to carefully watch the impact of a weak yen on prices, though she didn't give any clear hints on her monetary policy stance.

Japanese equities have hit all-time highs at a pace not seen since 1989.

A shift in Japan's large pool of household financial assets could reshape capital markets, one analyst says.

Japan's recovery from the “lost decades” of deflation and meager growth has been an on-again, off-again phenomenon. We believe that Japan should reach the “cruising altitude” phase this year and beyond, with a revised code to push companies to make better use of their cash and other assets in helping drive long-term growth.

The Nikkei 225 Index jumped and neared its all-time high as memory and semiconductor companies like Kioxia, Tokyo Electron, Advantest, and Keyence Corporation soared. It jumped by over 5% to 71,950, a few points below the all-time high of 72,781.