
On Japan's financial markets, night trading of financial products has been on the rise since Russia's invasion of Ukraine, apparently as investors try to avert the risks of price fluctuations during daytime sessions, which are susceptible to overnight changes in the situation in Ukraine.
With a seven-hour time difference between Japan and Ukraine, changes in the situation there -- a basis for trading judgments -- tend to occur when it is nighttime in Japan. In a bid to avoid the risks of any marked price declines shortly after the opening of the daytime session of the financial markets in Japan, individual investors also pay attention to nighttime trading.