Japan Market Daily | Kabutaro & Friends

On June 8, 2026, the Nikkei 225 plummeted for a third consecutive session, closing down 2,563.00 yen at 64,024.60 yen. Triggered by a surge in U.S. bond yields following last week's robust non-farm payrolls report, which had dragged the Nasdaq down by over 4 percent, aggressive selling flooded the Tokyo market, particularly hitting the previously soaring AI and semiconductor shares. The benchmark index's intraday decline briefly reached 3,181 yen, marking the largest drop of the year, while reports of mutual direct missile strikes between Iran and Israel further fueled market anxiety. In the FX market, renewed speculation over potential Fed rate hikes accelerated dollar buying, keeping the USD/JPY TTM rate at 160.38 yen. On the macroeconomic front, Japan's revised Q1 real GDP data released on the same day showed an annualized expansion of 2.1 percent.