Japanese shares tumble as Middle East conflict fuels stagflation fears

Japanese shares tumble as Middle East conflict fuels stagflation fears

March 30, 2026 / Liam Redmond /


Published Mon, Mar 30, 2026 · 09:03 AM

[TOKYO] Japanese shares slumped on Monday, tracking a broader retreat in risk assets as the widening Middle East conflict and the lack of any near-term resolution fuelled stagflation concerns.

The Nikkei tumbled 4.7 per cent to 50,859.51 as of 0106 GMT. The broader Topix slid 5.4 per cent to 3,487.38.

Over the weekend, Yemen’s Iran-aligned Houthis launched their first attacks on Israel since the start of the US-Israeli war with Iran, pushing oil prices higher.

Pakistan said it was preparing to host “meaningful talks” to end the conflict with Iran in coming days even as Teheran said it was ready to respond if the US launches a ground attack.

There were zero advancers on the Nikkei index against 224 decliners. REUTERS

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Liam Redmond

As an editor at Forbes Washington DC, I specialize in exploring business innovations and entrepreneurial success stories. My passion lies in delivering impactful content that resonates with readers and sparks meaningful conversations.

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