TOKYO – The Nikkei index of the Tokyo Stock Exchange closed today advancing 1.72%% to 16,664.82 points.
The Japanese stock market showed a recovery after the collapse of the previous session, while waiting for new expansionary measures, and in the presence of a slight weakening of the yen around the threshold of a change to 106 against the dollar. the rebound
Stock exchange after three days of withdrawal appears linked to the possibility of positive surprises from the central bank, who tomorrow begins two days of its monetary policy Committee, and the fiscal space that the government should decide – has learned today – August 2 (according to the latest rumors, one incentive worth up to 27-28mila billion yen, whose maximum ad might just be for today). It is unclear, however, if the central bank governor Kuroda can afford to bring in further negative territory the reference rates, since the introduction in February of this new policy has aroused concern among the public and opposition among large banks . Many investors remain cautious ahead of the upcoming guidance from the Federal Reserve.
Among individual stocks, stands the collapse of Itochu trading house, after an activist fund Glaucus Research issued a report criticizing the accounting practices of the group (which has denied any impropriety). Some companies are bought in after the announcement of quarterly financial statements: Asahi Group, for example, salt wave of improvement in its earnings forecasts for the first half of the year. Into question the actions of some Japanese suppliers of Apple, after the Cupertino company released data exceeded expectations on iPhone sales.
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