According to Jinshi Data, Japanese stocks fell to their lowest level in three months, with global investors exiting technology stocks, with technology stocks leading the decline. Market participants continue to wait for the Bank of Japan's policy decision next week. As of the close, Japan's Topix index fell 0.4% to 2,699.54 points, marking the biggest weekly drop since April 2020. The Nikkei 225 index fell 0.5% to 37,667.41 points, falling for the eighth consecutive day, the longest losing streak since October 2021. Technology-related stocks such as Renesas Electronics, Tokyo Electron, Lasertec and Advantest led the decline in the Nikkei 225 index. Mamoru Shimode, chief strategist at Resona Asset Management, said that economically sensitive value stocks rose because "there is a global flow of funds from growth-related technology stocks to non-tech stocks." The banking sector was one of the sectors that rose against the trend. Market participants are looking forward to the Bank of Japan's policy decision next week. Japan's inflation rate rose for the third consecutive month in July, opening the door to a possible interest rate hike.