Japan

Signals

Japan Banks Drawdown+3 pts

Japanese banks (MUFG, SMFG) -8% in 5 days — banking stressWhy it matters: Japanese bank stress signals JGB or property market concerns

Nikkei Drawdown+2 pts

Japan ETF (EWJ) -5% in 5 days — broad Japanese equity weaknessWhy it matters: Broad equity weakness confirms stress affecting wider Japanese market

Japan Volatility Elevated+1 pts

Japanese market volatility above 25 — elevated uncertaintyWhy it matters: Elevated volatility indicates Japanese market uncertainty

Japan Market Stable+0 pts

Japan ETF (EWJ) holding above -3% over 5 days — no broad sell-offWhy it matters: Market stability indicator — stress may be contained to specific sectors