TOPIX ended up on the previous month-end. The Japanese equity market started on a low due to the news of Russia’s invasion of Ukraine and concerns over increasing prices of commodities. The market then recovered on yen depreciation against the US dollar due to the widening interest rate spread between Japan and the US, as well as on a pause of increasing oil prices.

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Table 1 March 2022
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Figures 1-2 March 2022
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Tables 2-5 March 2022
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Figure 3-4 March 2022
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Figure 5 March 2022
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Figure 6 March 2022

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