The Yen's appreciation exacerbates the decline in the Japanese stock market! The Nikkei Index plummeted by 13% in a single day, entering a technical bear market

The Bank of Japan's interest rate hike has led to the appreciation of the Japanese yen, causing a heavy blow to the Japanese stock market. The Nikkei Index plummeted by 13% in a single day, entering a technical bear market. The decline in stock prices has a negative impact on corporate operating expectations, putting pressure on credit spreads. The yield on Japanese government bonds has dropped significantly, and the global bond market rally reflects concerns about the US economic outlook. Global investors are turning to safe-haven assets. Japanese policymakers are facing a complex situation, as loose monetary policy may stifle the domestic currency and disrupt the stock market. Investors are worried about lagging support from the Federal Reserve. The yen to dollar exchange rate may further appreciate