Nikkei scales seven-month high past key 9,500 on China data, yen fall
TOKYO (Reuters) – Japan’s Nikkei share average climbed to a seven-month high on Monday above the key 9,500-mark as a weaker yen and improved Chinese manufacturing data buoyed sentiment.
By the midday break, the Nikkei .N225 was up 0.7 percent at 9,508.26 after rising as high as 9,525.82, or 0.8 percent.
Nikkei climbs to seven-month closing high
TOKYO (Reuters) – The Nikkei average hit a seven-month closing high on Friday as a weaker yen, driven by persistent expectations the Bank of Japan will act more boldly under a likely new government after a December 16 election, lifted the shares of exporters.
The Nikkei has surged 9 percent while the yen has weakened over the past two weeks after Shinzo Abe, leader of the main opposition party, called for the central bank to set an inflation target of 2 percent and embark on “unlimited easing” to pull the economy out of its decade-long deflation.
Nikkei climbs to seven-month closing high on exporters’ gains
TOKYO (Reuters) – The Nikkei average hit a seven-month closing high on Friday as a weaker yen, driven by persistent expectations the Bank of Japan will act more boldly under a likely new government after a December 16 election, lifted the shares of exporters.
The Nikkei .N225 has surged 9 percent while the yen has weakened over the past two weeks after Shinzo Abe, leader of the main opposition party, called for the central bank to set an inflation target of 2 percent and embark on “unlimited easing” to pull the economy out of its decade-long deflation.
Japan’s Nikkei advances on optimism over U.S. fiscal deal
TOKYO (Reuters) – Japan’s Nikkei share average rebounded on Thursday from the previous session’s one-week closing low as investors took comfort from comments by the top Republican in the U.S. Congress that he was optimistic about reaching a fiscal deal with the White House.
The Nikkei .N225 advanced 0.7 percent to 9,369.68 points by the midday break, but was facing resistance at its five-day moving average at 9,371.41.
Nikkei falls, set to end 4-day winning run on U.S. fiscal woes
TOKYO (Reuters) – Japan’s Nikkei average slipped on Wednesday, on track to end a four-day winning streak, on concerns that an apparent lack of progress in the fiscal policy standoff in the United States could trigger a recession.
The Nikkei has rallied more than 8 percent over the past two weeks, as the yen has weakened sharply on expectations that Japan’s main opposition leader, Shinzo Abe, will win a December 16 election and increase pressure on the central bank to take aggressive action to reverse the country’s persistent deflation.
Nikkei climbs 1.6 pct to 6-1/2 month high on softer yen
TOKYO (Reuters) – Japan’s Nikkei average climbed 1.6 percent to a 6-1/2-month closing high on Thursday, boosted by gains in automakers and electronics companies on expectations that a sharply weaker yen will boost their earnings.
Exporters such as Toyota Motor Corp (7203.T: Quote, Profile, Research), Honda Motor Co (7267.T: Quote, Profile, Research), Nissan Motor Co (7201.T: Quote, Profile, Research) and Canon Inc (7751.T: Quote, Profile, Research) were among the seven most-traded stocks on the main board by turnover, and gained between 2.3 and 3.5 percent.
Falling yen lifts Japan stocks; eyes on China data
TOKYO, Nov 22 (Reuters) – The yen fell to a 7-1/2-month low
versus the dollar on Thursday, lifting Japan’s Nikkei share
average to a six-month high, on mounting expectations of
aggressive policy action under a likely new government.
Asian stocks outside Japan were also in demand and investors
will focus on HSBC China flash PMI for November due later on
Thursday to see whether a low point for China, the world’s
second largest economy, is over.
Nikkei rises 1 percent to 2-month high, led by exporters
TOKYO (Reuters) – The Nikkei .N225 average rose to a two-month high on Wednesday, led by exporters after the yen hit a seven-month low versus the dollar on expectations the Bank of Japan will be pushed to take aggressive stimulus action under a likely new government.
Shinzo Abe, leader of the main opposition Liberal Democratic Party (LDP), has called for more extreme measures from the central bank, including setting a 2 percent inflation target, to pull the export-reliant economy out of deflation.
Japan’s Nikkei dips, ends four-session winning streak
TOKYO (Reuters) – The Nikkei ended a four-day winning run on Tuesday as investors took profits in exporters, which had rallied on hopes Japan’s main opposition party would win next month’s election and pressure the central bank for more stimulus steps.
But losses were limited as investors switched into sectors which have lagged the rally, such as telecoms and retailers.
Nikkei hits 2-month high on hopes of monetary easing after election
TOKYO (Reuters) – The Nikkei average climbed 1.3 percent to a two-month high on Monday on growing expectations that Japan’s main opposition party will win next month’s election and increase pressure on the central bank to ease monetary policy.
A call by Liberal Democratic Party (LDP) leader Shinzo Abe for the Bank of Japan to further stimulate the ailing economy, including pushing interest rates to zero or below zero, has weakened the yen and boosted the shares of Japanese exporters.
