The Nikkei fell 4.8 percent to 37,919.55 at the close, and also fell Topix indicator The broadest 3.5 percent.
Returns jumped Japanese government bonds With 10-year bond yields rising by 4.5 basis points to 0.85 percent and two-year bond yields rising by seven basis points to 0.385 percent.
Ishiba, who opposes the Bank of Japan’s ultra-stimulus policy in the past decade, defeated Sanae Takaichi, who supports the policy. Monetary easing In a heated competition on Friday, the results were decided after the stock exchanges had already closed. Ishiba is scheduled to take over as prime minister tomorrow, Tuesday.
But Ishiba’s current position is less clear, as he told public broadcaster NHK: “He must remain… Monetary easing trend in light of current economic conditions.
He had previously said at the beginning of August that the Bank of Japan was “on the right track regarding monetary policy” after the central bank abandoned its negative interest rate policy in March and raised interest rates in July.
The yen rose by about 1.9 percent on Friday before rising by another 0.3 percent to 141.78 by 0600 GMT on Monday.
And leads high Currency value To reduce the revenues of many Japanese export companies Large, it also makes Japanese stocks more expensive for foreign investors.
Ishiba’s support for higher taxes on corporations and income from… Investment Another hurdle for stocks.
Company shares fell CarsMonday, with a company stock falling Toyota Motor Company fell 7.6%, and Honda shares fell 7%.
Sector shares fell Semiconductors Led by shares of Tokyo Electron, a giant chip manufacturing equipment manufacturer, which fell nearly eight percent.
The banking sector was the only winner among 33 indicators Tokyo Stock Exchange It rose 1.85 percent. And it was Banks The biggest beneficiary of expectations for monetary policy to return to normal.
Of the 225 stocks listed on the Nikkei index, 212 declined and 13 rose.
