Tokyo stocks fell sharply on July 7 as a selloff in South Korean chip shares triggered fresh concern over the sustainability of the AI boom, dragging the Nikkei 225 lower while banks and other value shares resisted the decline. (News On Japan)

Japan’s long-term interest rate briefly rose to 2.83% on July 6, its highest level in nearly 30 years, as investors grew more cautious over inflation, the pace of Bank of Japan rate hikes and the government’s fiscal stance. (News On Japan)