Japan Stocks Decline Amid Rising Yields

Tokyo, 7 Jul (ONA) --- Japan's stock markets declined today amid a broad sell-off in long-term bonds, as renewed concerns about the country's fiscal outlook resurfaced ahead of this month's upper house elections.

The benchmark 225-issue Nikkei Stock Average fell 223.20 points, or 0.56%, from Friday's close to settle at 39,587.68.

The broader Topix index also lost grounds, declining 16.23 points, or 0.57%, to finish at 2,811.72.

Meanwhile, the yield on 10-year Japanese government bonds (JGBs) climbed approximately 3 basis points to 1.463%, reflecting the bond market’s sentiment.

---Ends/AG