日经225指数周三下跌0.45%，至47735点，从历史高点回落，因为投资者在最近的反弹后锁定了涨幅，这是由于对即将上任的首相高一（Sanae Takaichi）的新刺激措施的预期推动的，高一是“安倍经济学”政策的坚定支持者。低于预期的工资数据也抑制了日本央行加息的前景，8月份实际工资同比下降1.4%，标志着连续第八个月下降。与此同时，科技股反映了华尔街的下跌，此前甲骨文的大幅下跌重新引发了人们对人工智能交易可持续性的担忧，而美国政府长期停摆加剧了市场的谨慎。值得注意的下跌股包括软银集团（-2%）、迪斯科公司（-2.%）和东京电子（-2.8%）。

The Nikkei 225 Index fell 0.45% to 47,735 on Wednesday, pulling back from record highs as investors locked in gains after recent rallies fueled by expectations of fresh stimulus under incoming Prime Minister Sanae Takaichi, a staunch supporter of “Abenomics” policies. Weaker-than-expected wage data also curbed prospects for Bank of Japan rate hikes, with real wages down 1.4% in August from a year earlier, marking the eighth straight monthly decline. Meanwhile, technology shares mirrored losses on Wall Street after a sharp drop in Oracle reignited concerns about the sustainability of the artificial intelligence trade, while the prolonged US government shutdown added to market caution. Notable decliners included SoftBank Group (-2%), Disco Corp (-2%), and Tokyo Electron (-2.8%).

美元/日元触及2月高点，因鸽派政策预期拖累日元。美元/日元对已反弹至2月以来的最高水平，交易在152.45左右。日元本周贬值超过3%，疲软的工资数据公布后，抛售压力加剧。

USD/JPY Hits February High as Dovish Policy Expectations Weigh on Yen.The USD/JPY pair has rallied to its highest level since February, trading around 152.45. The Japanese yen has depreciated by over 3% this week, with selling pressure intensifying following the release of soft wage data.

日本服务业指数从上个月的46.7升至2025年9月的47.1，这是自1月以来的最高读数，也是连续第五个月上涨，超过了市场预期的47.0。家庭预算趋势指数有所改善，尽管食品和饮料产量疲软，但住房相关和其他行业仍有所增长。与此同时，受制造业下滑的影响，企业趋势指数有所软化，尽管就业有所加强。与此同时，9月份经济前景指数从之前的47.5升至48.5，为8个月来的最高点，反映出尽管成本压力持续存在和美国贸易政策的影响，但经济仍有进一步复苏的迹象。

Japan’s service sector index increase to 47.1 in September 2025 from 46.7 in the previous month, marking the highest reading since January and the fifth straight monthly increase and topping market expectations of 47.0. The household budget trend index improved, driven by gains in housing-related and other sectors despite weaker food and beverage output. Meanwhile, the corporate trend index softened, weighed by a decline in manufacturing, though employment strengthened. Meanwhile, the economic outlook index rose to an eight-month high of 48.5 in September from the prior 47.5, reflecting signs of further economic recovery despite persistent cost pressures and the impact of U.S. trade policy.

这位前央行高管表示，日元下跌可能会促使日本央行在10月份加息。前央行行长Kazuo Momma周三表示，日元最近的大幅下跌可能会促使日本央行最早在本月加息。

Yen falls may prod BOJ to hike rates in October, ex-central bank executive says.The yen's recent sharp falls may prompt the Bank of Japan to raise interest rates as soon as this month, former central bank executive Kazuo Momma said on Wednesday.