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The Nikkei average started the latter half of the day up by 75 yen, with Chugai Pharmaceutical and NINTENDO CO LTD among the gainers.
[Nikkei Stock Average・TOPIX (Table)] Nikkei Average; 39,533.08; +75.59 TOPIX; 2,740.73; +2.40 [Afternoon Session Overview] In the afternoon, the Nikkei Average opened at 39,533.08 yen, up 75.59 yen from the previous day, slightly expanding the increase from the morning close (39,520.06 yen). During lunchtime, the Nikkei 225 Futures fluctuated in a range of 39,510 yen - 39,570 yen. The dollar-yen exchange rate is 1 dollar = 153.80-90 yen, showing an appreciation of about 30 sen against the yen since around 9 AM.
Set a historical record! Aggressive investors are flocking to Japan Stocks, with over 1 trillion yen bought this year to date.
The obsession of radical investors with Japan Assets has reached record levels. Their influence is likewise significant.
The Japanese economy is experiencing a "dual situation of ice and fire"! Manufacturing continues to shrink, while the service industry rises against the trend.
Japan's economy continued to see a contraction in manufacturing activity in December, entering its sixth month of contraction, while the services sector maintained a growth trend.
Reports indicate that the Bank of Japan will "hold steady" next week, and Bank of America expects the interest rate hike may be postponed until March next year.
Five sources familiar with the thoughts of the Bank of Japan stated that the Bank is inclined to keep interest rates unchanged next week. However, Bank of America warned that if the Bank of Japan continues to delay interest rate hikes until March next year, the yen could depreciate again to 155 or slightly below the 157 level reached in November.
The Bank of Japan's interest rate decision will be announced next week. Will global stock markets repeat 'Black Monday'?
The Bank of Japan will hold its last monetary policy meeting of the year next week.
Yen surges! Has the Bank of Japan decided not to raise interest rates?
Officials from the Bank of Japan believe that there is almost no cost in waiting for the next rate hike, and the yen plummeted upon hearing this.....