Japanese stocks fell slightly at the close of today’s session, and cyclical companies and oil companies led the decline but trimmed losses after a media report that Prime Minister Fumio Kishida’s stimulus package will be larger than expected.<\/p>\n\n\n\n
The Nikkei index closed down 0.3% to 29,598.66 points but trimmed its losses significantly after the Japanese Nikkei newspaper reported that the country’s economic stimulus package would likely include fiscal spending of about 55.7 trillion yen ($488 billion).<\/p>\n\n\n\n
This exceeds market expectations of 30-40 trillion yen.<\/p>\n\n\n\n
The broader Topix index fell 0.14 percent to 2,035.52 points.<\/p>\n\n\n\n
Shares of cyclical companies such as shipping companies and steel manufacturers were among the biggest losers.<\/p>\n\n\n\n
Oil-related stocks also fell as crude prices fell after a Reuters report that the United States had asked major oil consumers such as China and Japan to consider a coordinated withdrawal of reserves.<\/p>\n\n\n\n
Inpex shares fell 7.1%, while Idemitsu Kosan shares lost 3.6%.<\/p>\n\n\n\n
<\/p>\n\n\n\n
<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Japanese stocks fell slightly at the close of today’s session, and cyclical companies and oil companies led the decline but trimmed losses after a media report that Prime Minister Fumio Kishida’s stimulus package will be larger than expected. The Nikkei index closed down 0.3% to 29,598.66 points but trimmed its losses significantly after the Japanese …<\/p>\n","protected":false},"author":9,"featured_media":45915,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6939,6971],"class_list":["post-55110","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-japan","tag-nikkei"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=55110"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55110\/revisions"}],"predecessor-version":[{"id":55111,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55110\/revisions\/55111"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/45915"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=55110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=55110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=55110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}