Japanese Stock Market Drops 2.85%... "Concerns Over a Repeat of Black Monday"

Japanese Stock Market Drops 2.85%... "Concerns Over a Repeat of Black Monday"[Asia Close]n.news.naver.comOn the 2nd, major Asian stock markets were on a downward trend. In particular, the Japanese stock market fell by more than 2%. Global government bond yields rose due to high oil prices and inflation concerns, which acted as a negative factor for the stock market. On this day, the Japanese Nikkei 225 index fell 2.85% compared to the previous day's closing price.
In the Japanese bond market today, the yield on the 10-year Japanese government bond rose by 0.010 percentage points to record 3.015%.
According to the Asahi Shimbun, the 10-year Japanese government bond yield reaching 3.015% is the first time since September 1996.