---
symbol: "JP225"
name: "Nikkei 225"
date: 2026-08-13
change_pct: 2.311395508776127
direction: "up"
event_type: "macro_print"
url: "https://perplo.app/why/JP225/2026-08-13"
updated_at: 2026-08-13T01:06:49.057Z
---

# Why Nikkei 225 (JP225) rose 2.31% on August 13, 2026

Nikkei 225 (JP225) rose 2.31% on August 13, 2026 — July PPI below forecast eases rate hike bets.

## What happened

Japan's July producer price index came in at 7.2% year-over-year, slightly cooler than the expected 7.4%, signaling moderating but still-elevated inflation.

## Why it moved

Sticky PPI above 7% keeps the Bank of Japan's tightening bias alive without signaling imminent aggressive rate hikes, allowing equity investors to price in earnings growth from the regional manufacturing surge without…

## Why it matters

Japan (Yen & Equities) theme hinges on BOJ policy expectations anchoring the yen and equity valuations; a PPI print that sits high enough to keep tightening on the table but low enough to avoid aggressive hikes…

## What would break the thesis

If the next PPI print falls sharply, the BOJ could signal a longer pause, weakening the rate-support thesis; conversely, a surprise jump could force market repricing of rate-hike timing.

## Sources

- [Japan July PPI surges 7.2%, but lower than the expected 7.4%](https://investinglive.com/news/japan-july-ppi-surges-7-2-but-lower-than-the-expected-7-4/) — ForexLive
- [RBA assistant Gov Kent: cash rate increases are having their intended effect](https://investinglive.com/central-banks/rba-assistant-gov-kent-cash-rate-increases-are-having-their-intended-effect/) — ForexLive
- [Reuters Tankan hits highest manufacturing reading since March on chip boom](https://investinglive.com/news/reuters-tankan-hits-highest-manufacturing-reading-since-march-on-chip-boom/) — ForexLive

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