16954
Tokyo Investors Look to Economy
World Economy

Tokyo Investors Look to Economy

Japanese growth data and a central bank meeting will be in focus for Tokyo investors next week, as the country wraps up its latest earnings season.
Kicking off the week, machinery orders — a leading indicator of capital spending — will be released Monday while January-March gross domestic product figures are due Wednesday, after Japan limped out of a brief recession in the last three months of 2014, NewsNow reported.
The Bank of Japan (BoJ) is also holding a two-day meeting with governor Haruhiko Kuroda slated to meet the press on Friday as investors look for more clues about another round of expansion to the BoJ’s monetary easing plan.
Speculation has been rising that a weak economy including tepid inflation would force policymakers to further ease policy, with the latest data showing consumer confidence remained weak in April.
“The focus of the Tokyo market is likely to move to economic fundamentals from corporate earnings,” Daiwa Securities said in a note. “January-March GDP to be released on Wednesday will likely provide a key focus,” it added.
On Friday, the Nikkei 225 stock index at the Tokyo Stock Exchange rose 0.83 percent or 162.68 points to finish at 19,732.92, for a weekly gain of 1.82 percent.
The Topix index of all first-section shares climbed 0.98 percent, or 15.62 points, to 1,607.11. It rose 1.21 percent over the week.
The rise came as Japan finishes a relatively upbeat reporting season and after Wall Street supplied a strong lead, with the broad-based S&P 500 bolting to a fresh record-high close Thursday, led by strong gains in Apple, Facebook and other technology stocks.
It rose 1.08 percent to end at 2,121.10. The Dow gained 1.06 percent and the Nasdaq jumped 1.39 percent.
 

 

Short URL : http://goo.gl/zGIrXT

You can also read ...

China Challenges US Solar Panel Duties
China says it is challenging a US tariff hike on solar panels...
In a retaliatory move, President Recep Tayyip Erdogan’s government on Wednesday announced higher tariffs on some US imports, namely on passenger cars (120%) and leaf tobacco (60%).
Turkey has raised tariffs on some US imports, including...
World trade volume growth peaked in January at almost 5.7% year-on-year but nearly halved to less than 3% by May.
Cyclical indicators point to slower and more uneven growth in...
Surging Inflation Mars Philippines Growth
The Philippine economy in 2018 is a story that can be summed...
File picture of Kim Jong-un (L) and Moon Jae-in at the truce village  of Panmunjom, South Korea.
South Korea President Moon Jae-in on Wednesday offered a bold...
Nigeria CPI Drops to 11.14 Percent
Nigeria’s National Bureau of Statistics says the consumer...
Moody’s Predicts Slower Fiscal Progress in S. Africa
South Africa’s fiscal consolidation will be slower than the...
Transport tickets and fuel have driven up costs for consumers.
Inflation in the UK climbed in the month of the July, as had...

Trending

Googleplus