Japanese Shares Close Lower Due to The Fed’s Tendency to Tighten Policy

Japanese shares closed lower on Thursday, June 17, as investors sold shares of technology companies and the drugmaker after a weak close on Wall Street after the US Federal Reserve signaled earlier-than-expected interest rate increases, while the financial sector shone with a rise in US Treasury yields.

The Nikkei index closed down 0.93% to 2,9018.33 points, while the broader Topix index fell 0.62% to 1963.57 points.

And all three major indices fell on Wall Street last night after the US Federal Reserve revealed its expectation that the first interest rate increase after the Coronavirus pandemic will be in 2023, a year earlier, given the improvement in the health situation in light of the distribution of anti-virus vaccines.