Overview

• BOJ Deputy Governor Shinichi Uchida said corporate sentiment is at a good level following the latest Tankan and a U.S.–Japan tariff agreement, and he reiterated that rates will be raised if the economy and prices evolve as expected.
• Uchida cautioned that export profitability has worsened for manufacturers and said the BOJ is closely monitoring potential effects on growth and inflation.
• U.S. stocks extended gains, with the Dow closing at 46,519.72 for a third straight record as falling long‑term yields and persistent Fed cut expectations buoyed risk assets.
• Tokyo shares jumped at the open, with the Nikkei up as much as more than 800 points and finishing the morning up 647.81, led by broad buying in technology names after Wall Street’s advance.
• The yen traded in the low ¥147 per dollar range, strengthening at times as U.S.–Japan yield differentials narrowed, then easing as a partial U.S. government shutdown delayed data and prompted position adjustments.