Japan Market Daily | Kabutaro & Friends

On June 24, 2026, the Nikkei 225 extended its decline, closing down 613.41 yen at 69,174.97 yen. Following overnight losses in U.S. semiconductor stocks, risk-off selling dominated the Tokyo market, hitting major shares such as Tokyo Electron. Trading was further subdued by a wait-and-see attitude ahead of the upcoming earnings release from Micron Technology, with futures-led selling pushing the benchmark index down to the mid-68,000 range during afternoon trading. In the FX market, the USD/JPY cross remained locked in a tight, weak-yen range in the mid-to-upper 161 yen level, driven by persistent buying of the greenback amid widening yield differentials. On the policy front, Prime Minister Takaichi announced plans to establish a new investment framework aimed at a strong and wealthy Japan, initiating a drastic reform of the state subsidy and fund systems during a joint economic council meeting.