Nikkei 225 Opens Higher as Bank of Japan Rate Bets Weigh on Exporters
As seen on the 24/7 Wall St. homepage on October 22, 2026.
Tokyo opened 0.24% higher, the first read global investors get before US futures wake up. With economists pencilling in a Bank of Japan hike to 1.50% in December, every yen tick now runs straight through exporter earnings.
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Tokyo's benchmark edged up 0.24% at the open on October 22, giving global investors their first directional read of the session before U.S. futures come online.
Economists are pencilling in a Bank of Japan rate hike in December, and a stronger yen compresses the overseas revenues that Japan's big exporters report back in domestic currency.
Whether the opening gain holds through the full session will depend heavily on how the yen trades and what tone U.S. futures set once they open.
For investors tracking Japanese equities, the December Bank of Japan decision is the event that resets the entire trade, since yen strength pressures exporter margins.