The Nikkei 225 index in Japan faced a downturn as investors engaged in profit-taking, displaying caution in the wake of earlier gains. This decline coincided with rising core inflation data from Tokyo, intensifying fears regarding interest rate hikes. Additionally, geopolitical tensions, particularly concerning the US-Iran situation, cast a shadow over market sentiment. Nevertheless, analysts remain optimistic about Japanese stocks, bolstered by positive feedback from the Bank of Japan’s tankan survey.
