Japanese Stocks Slip on Rising Oil Prices and Bond Yields

Japanese stocks slipped into negative territory on Tuesday due to rising oil prices and higher bond yields. The Nikkei 225 index closed at 63,484 with a loss of 0.01%, while the Topix index dropped 0.52% to 4,037 after earlier gains faded.

The markets faced pressure from multiple directions as oil prices stayed near four-month highs and bond yields in both the US and Japan climbed to multi-year peaks.

Investors are on edge ahead of major central bank decisions this week, with both the US Federal Reserve and the Bank of Japan expected to raise interest rates. This uncertainty weighed heavily on investor sentiment.