Japanese stocks slipped in Thursday’s close as risk appetite waned despite Japanese authorities’ move to reopen borders to foreign tourists, coupled with a modest rise in the yen.
And according to the Japan Times, sources said: “The Japanese government is exploring the possibility of increasing the daily limit to 30,000 tourists arriving in the country by July, after the government announced yesterday that it would increase the daily limit from 10,000 to 20,000 tourists, in an attempt to more tourists from 98 countries and regions as of June 10.
Bank of Japan board member Seiji Adachi warned against “premature tightening of monetary policy as inflation remains below the 2% target, noting that monetary tightening to contain the weakening of the yen would put pressure on businesses and households.”
The Nikkei ended the session down 0.16% to 27,413 points, while the broader Topix index closed down 0.63% to 1926 points.
The Japanese currency rose slightly by 0.15% to 129.93 yen against the US currency at 09:28 GMT sharp.
Source: El Iktisad
