On the Tokyo stock market on the 30th of the week, the Nikkei Stock Average fell sharply. At one point, the decline was more than 2,000 yen compared to the previous weekend’s closing price. Ahead of Liberal Democratic Party President Shigeru Ishiba’s inauguration of a new government, there has been growing concern about economic and monetary policy, including further interest rate hikes and stronger financial income taxation for the wealthy.

The morning closing price of the Nikkei average was 37,980 yen.34, down 1,849 yen.22. Thereafter, the decline widened, and at one point fell by 2,031.65 yen to 37,797.91 yen in afternoon trading.

On the 30th, the Tokyo stock market temporarily fell by more than 1,900 yen, with people wary of interest rate hikes and tax tightening ahead of the Ishiba administration.