TOKYO (Reuters) – The Nikkei average hit a four-month closing high on Wednesday after the Bank of Japan eased monetary policy to bolster an export-driven economy that’s struggling with sluggish global demand and fallout from a territorial dispute with China, Japan’s biggest trading partner.
On the heels of another round of stimulus by the U.S. Federal Reserve, the BOJ said it would expand its asset buying and loan programme by 10 trillion yen to 80 trillion yen.
TOKYO (Reuters) – The Nikkei average hit a four-month high on Wednesday after the Bank of Japan eased monetary policy to bolster an export-driven economy, struggling against the impact of sluggish global demand and fallout from a territorial dispute with China, Japan’s biggest trading partner.
The Nikkei .N225 climbed 1.7 percent to 9,279.17, its highest level since early May. It was trading at around 9,169 before the announcement.
TOKYO (Reuters) – The Nikkei average fell on Tuesday as companies heavily exposed to China were caught up in tensions between China and Japan over a territorial dispute that disrupted business and production, and left investors pondering unsettled scenarios.
Should the anti-Japanese protests in China worsen or the dispute over the islands escalate, China-related companies would likely see further sell-offs as their earnings from the world’s second-largest economy could come under pressure.
TOKYO (Reuters) – Japan’s Nikkei edged up on Tuesday as support from a weaker yen offset concerns over companies with large exposure to China, as anti-Japan protests over a territorial dispute between the two countries disrupted business and production.
By the midday break, the Nikkei share average .N225 was up 0.2 percent at 9,173.54 after rallying 1.8 percent on Friday in the wake of the announcement of another round of stimulus by the U.S. Federal Reserve. Monday was a public holiday in Japan.
TOKYO (Reuters) – Japan’s Nikkei average climbed 1.5 percent on Friday to above 9,000, its highest level in nearly three weeks, after bold plans for stimulus from the U.S. Federal Reserve boosted risk appetite and lifted beaten-down cyclical stocks.
Miners and shippers, which have a relatively higher correlation with the health of the global economy, rallied the most. The mining sector jumped 4.7 percent, shippers rose 4.5 percent and steelmakers gained 3.5 percent.
TOKYO (Reuters) – Japan’s Nikkei average climbed 1.3 percent to its highest level in nearly three weeks above 9,000 on Friday after the Federal Reserve launched new stimulus for the U.S. economy.
The fresh dose of U.S. stimulus boosted risk appetite as beaten-down cyclicals such as miners and shippers, which have a relatively higher correlation with the health of the economy, rallied the hardest.
TOKYO (Reuters) – Japan’s Nikkei average rose on Thursday to end just below the key 9,000 mark on mounting expectations of fresh stimulus from the U.S. Federal Reserve, with big gains for shippers and Apple suppliers buoying the market.
Investors covered bearish bets ahead of the Fed decision later in the day as they wait to see if it will launch another round of bond-buying to kick start a flagging economic recovery in the United States.
TOKYO (Reuters) – Japan’s Nikkei average fell on Tuesday as investors were cautious ahead of the German constitutional court’s ruling over the legality of the European bailout fund on Wednesday and the U.S. Federal Reserve policy meeting this week.
The Nikkei .N225 dropped 0.8 percent to 8,800.35, holding above the support level of its five-day moving average at 8,780.35.
TOKYO (Reuters) – Japan’s Nikkei share average slipped on Monday, led by exporters as the yen strengthened on mounting expectations that the Federal Reserve would launch further stimulus measures after weaker-than-expected U.S. jobs data.
Expectations of another round of quantitative-easing bond purchases by the Fed weighed on the dollar against the yen, hurting Japanese exporters’ competitiveness even though more stimulus could help boost demand for their products. The Fed will next hold its policy meeting on September 12-13.
TOKYO (Reuters) – Japan’s Nikkei average climbed 2.2 percent on Friday, its biggest one-day percentage gain in five months, after the European Central Bank outlined its bond buying scheme in an attempt to draw a line under the region’s debt crisis.
Stronger-than-expected jobs data from U.S. private sector, which bode well for the key U.S. non-farm payroll figures due out on Friday, also encouraged investors to cover their bearish bets.