Japan Market Daily | Kabutaro & Friends

On September 1, 2026, Tokyo's Nikkei 225 slipped for a second day, closing down 96.59 points (-0.15%) at 66,215.34, while the TOPIX rose for another session, gaining 25.57 points to 4,181.86. Selling led by technology shares came first on weakness in US equities, and the index fell to 65,576.61 in the morning before buybacks emerged as South Korean stocks turned positive. It softened again, however, on inflation concerns from higher crude oil prices and rising long-term interest rates in both Japan and the United States. The newly issued 10-year Japanese government bond yield touched 3.0% at one point, its highest in about 30 years, on expectations of an early Bank of Japan rate hike and fiscal concerns. Tokyo Electron and Fast Retailing together subtracted about 242 points from the index and Recruit fell 3.95%, while SoftBank Group, Kioxia and KDDI advanced, and 26 of the 33 sector indexes rose in a rotation into value stocks.