Tokyo stocks close down on first trading day of year | Malay Mail

The benchmark Nikkei 225 index, which jumped 16 per cent last year, lost 0.68 per cent, or 185.79 points, to 27,258.38, while the broader Topix index was down 0.56 per cent, or 10.09 points, to 1,794.59. — Reuters pic

After stocks opened higher, Prime Minister Yoshihide Suga said he was considering declaring a state of emergency in the greater Tokyo area over a “very severe” third wave of coronavirus infections. Despite today’s declines, analysts have generally kept an optimistic outlook for the Japanese market in the long run.

But it could experience a correction through March, following sharp gains seen toward the end of last year, Rakuten added.

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