“Trading is expected to be thin for the rest of the day due to ‘Obon’ holidays,” he added.
Japan is in its annual “Obon” summer holiday this week, when many investors and companies take vacations.
Investors are also closely watching the decline in Prime Minister Yoshihide Suga’s approval rate in recent opinion polls ahead of the general election later this year that will decide the fate of his administration.
“Players are concerned about the current political uncertainty, but they also expect to see fresh stimulus measures because of the decline ahead of elections,” Horiuchi said.
The dollar fetched 110.54 yen in early Asian trade, against 110.58 yen in New York late Tuesday.
In Tokyo, tyre company Bridgestone surged 5.98 percent to 5,171 yen after upgrading its annual forecast.
SoftBank Group plunged 1.97 percent to 6,696 yen after the investment giant said its net profit fell 39 percent in the first quarter.
wolf of wall street
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© Agence France-Presse
