The Nikkei index fell after the release of BoJ

The Nikkei index declined at the end of trading Tuesday, due to the rise in the US Treasury bond yield, which caused a selling wave in heavyweight stocks, and after the Bank of Japan raised its inflation expectations.

Shuichi Arissawa, director of investment research at IwaiCosmo Securities, said in comments reported by “Reuters” that investor confidence declined due to the rise in the US Treasury bond yield, so investors expected a drop in shares on Wall Street in the evening.

Meanwhile, the Central Bank of Japan raised its expectations for inflation in the fiscal year that begins in April, from 0.9% to 1.1%, and raised estimates for the fiscal year 2023 by 0.1% to 1.1%.

The bank raised its forecast for economic growth in the fiscal year 2022 from 2.9% to 3.8%.

At the end of the session, the “Nikkei” index declined by 0.27% to 28,257 points, and the broader “TOPIX” index fell by 0.42% to record 1978 points.