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Nikkei Falls 1.3%, Dragged by Electronics, Metals Stocks
Japanese equities experienced a 1.3% decline, primarily driven by selloffs in key sectors such as electronics and metals. Market participants are exercising caution ahead of the upcoming Bank of Japan rate decision, which adds to the bearish sentiment. This downturn reflects overall uncertainty in the markets, particularly as global tech stocks like Alphabet have faced pressure, leading investors to reconsider their positions. The implications for the yen could be significant depending on the BOJ's policy direction.