The Nikkei Index rose due to buying on dips.

Concerns about a recent rate hike by the Bank of Japan led to a sharp decline in the stock market one day later, but the Japanese stock market may rise due to bargain hunting. The Nikkei index futures on the Singapore Exchange rose 0.4%, to 49,510 points. The US dollar was trading at 155.51 yen, compared to the closing price of 155.64 yen in Tokyo on Monday. Investors are keeping an eye on any progress in Prime Minister Takaichi Sanae's economic measures, as well as any improvements in Sino-Japanese diplomatic relations. The Nikkei index fell 1.9% on Monday to 49,303.28 points.