Tracking cues from Wall Street where stocks declined on Friday following a weak jobs report, the Japanese stock market is trading lower on Monday. The yen's rise against the euro is also contributing to the weakness in the market.
Oil, manufacturing, paper and insurance stocks are among the prominent losers. Retail, food and automobile stocks are also mostly trading weak.
The benchmark Nikkei 225 index, which declined to 10,058 in early trades, is currently trading at 10,090, down 47.7 points or 0.5 percent from its previous close.
Taiyo Yuden, Tokyo Electronics, Oji Paper, Minebea, Heiwa Real Estate, Fujikura, Yokogawa Electric, Mitsubishi Electric, Furukawa, Dai-ichi Life and Mitsubishi Paper are trading lower by 1 to 2 percent.
Automobile stocks Mazda Motor, Isuzu Motors, Suzuki Motor, Honda Motor, Hino Motors and Toyota Motor are down 0.7 to 1.5 percent.
Mizuho Trust & Banking, Bank of Yokohama, Mitsubishi UFJ Financial and Mizuho Financial are among the notable losers in the banking space.
Mitsubishi Corp., Mitsubishi Chemicals, Fujitsu, Nippon Express, J Front Retailing, Central Japan Railway, Komatsu, Denso and Sapporo Holdings are gaining 1 to 3 percent.
According to the data released by the central bank, the measure of M2 money stock and CDs in Japan was up 2.9 percent on year in June, standing at 800.6 trillion yen. That topped forecasts for a rise of 2.7 percent, which would have been unchanged from the previous month.
M3 money stock was up 2.2 percent on year to 1,102.4 trillion yen, slightly above forecasts for an increase of 2.1 percent following the upwardly revised 2.2 increase in May. The L money stock added just 0.1 percent on year to 1,461.3 trillion yen after easing a revised 0.4 percent a month earlier.
In the currency market, the U.S. dollar traded at the upper 80 yen level in early deals in Tokyo. The yen is currently trading at 80.70 to the U.S. dollar.
Among other markets in the Asia-Pacific region, Australia, New Zealand, Singapore, South Korea and Taiwan are trading notably lower. Malaysia is down with a modest loss, while Shanghai is trading flat. Markets across the region ended mostly higher on Friday.
On Wall Street, stocks drifted lower on Friday on the heels of much weaker than expected employment data for June. However, the major averages ended the session well off their worst levels of the day amid optimism about the upcoming earnings season.
The Dow closed lower by 62.3 points or 0.5 percent at 12,657.2, the Nasdaq eased by 12.8 points or 0.5 percent to 2,859.8 and the S&P 500 dropped 9.4 points or 0.7 percent to 1,343.8.
Major European markets ended notably lower on Friday. The French CAC 40 index plunged 1.7 percent, while the U.K.'s FTSE 100 index and the German DAX index lost 1.1 percent and 0.9 percent respectively.
Crude oil prices declined on Friday on the back of a disappointing U.S. jobs report. Light, sweet crude for August delivery ended down $2.47 at $96.20 a barrel on the New York Mercantile Exchange.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.