Nikkei Stock Average falls sharply, drops more than 600 yen Bank of Japan raises interest rates | Reuters

On December 20, the Nikkei Stock Average fell sharply in the followingmarket. Investors were disgusted by the fact that the Bank of Japan announced that it would revise its large-scale easing, effectively raising interest rates. Photo taken at the Tokyo Stock Exchange in May 2013. (Archyde.com/Toru Hanai)

[Tokyo 20th Archyde.com]- The Nikkei average has fallen sharply in the followingmarket. Investors were disgusted by the fact that the Bank of Japan announced that it would revise its large-scale easing, effectively raising interest rates. Compared to the closing of the previous session, it temporarily dropped more than 600 yen. Banking industry has been greatly favored as long-term interest rate fluctuation range is expanded from 0.25% to 0.5%.

Mitsunari Akino, director of Ichiyoshi Asset Management, said, “This is a negative factor for the market. All sectors other than banks, life insurance, and non-life insurance will fall.” It’s not strange,” he said.