The Japanese stock market rose. Rising bond yields led the banking sector, while investors scrambled to buy stocks to qualify for dividends. Mitsubishi UFJ Financial Group contributed the most to the rise in the TSE Index, which rose 2.9%. Of the 1,635 constituent stocks in the index, 1,185 rose, 385 fell, and 65 remained flat. Tim Walter, chief market analyst at KCM Trade, said, “The general environment where global and Japanese yields have risen in recent weeks is still favorable to the financial sector from the perspective of net interest spreads.” About 70% of the constituent stocks of the Eastern Stock Exchange Index closed higher, with bank stocks and some individual stocks related to artificial intelligence and semiconductors leading the way; SoftBank Group and the non-ferrous metals sector lagged behind in performance. Fujiwara Naoki, senior fund manager of Shinkin Asset Management, said, “The fundamentals of the economy and corporate profits are stable, and the upward trend has generally remained stable.” He said that investors bought technology stocks and bank stocks on dips. Bank stocks weakened for a while after the Bank of Japan's policy decision last week.

The Japanese stock market rose. Rising bond yields led the banking sector, while investors scrambled to buy stocks to qualify for dividends. Mitsubishi UFJ Financial Group contributed the most to the rise in the TSE Index, which rose 2.9%. Of the 1,635 constituent stocks in the index, 1,185 rose, 385 fell, and 65 remained flat. Tim Walter, chief market analyst at KCM Trade, said, “The general environment where global and Japanese yields have risen in recent weeks is still favorable to the financial sector from the perspective of net interest spreads.” About 70% of the constituent stocks of the Eastern Stock Exchange Index closed higher, with bank stocks and some individual stocks related to artificial intelligence and semiconductors leading the way; SoftBank Group and the non-ferrous metals sector lagged behind in performance. Fujiwara Naoki, senior fund manager of Shinkin Asset Management, said, “The fundamentals of the economy and corporate profits are stable, and the upward trend has generally remained stable.” He said that investors bought technology stocks and bank stocks on dips. Bank stocks weakened for a while after the Bank of Japan's policy decision last week.