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▼ Japan's Nikkei 225 Hits Intraday Record Above 54,000
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Japan's main stock index hit another intraday high on Wednesday to top the 54,000 mark for the first time.
Many investors believe that the stimulus policies of Prime Minister Takaichi Sanae will support the economy and boost investment in growing sectors.
The Tokyo benchmark surged right after the opening to hit a record high two days in a row.
The bullish run comes amid speculation that Takaichi will dissolve the Lower House at the onset of the ordinary Diet session later this month.
Meanwhile, currency investors are selling the yen on expectations of ramped-up fiscal spending.
The currency weakened against the dollar to the mid-159 range. That's a level not seen in a year and a half.
The yield on the 10-year Japanese government bond hit 2.18 percent at one stage for a 27-year high. Yields rise when prices fall.
The upward pressure also stems from the view that the stimulus by the Takaichi administration will continue.
Many investors believe that the stimulus policies of Prime Minister Takaichi Sanae will support the economy and boost investment in growing sectors.
The Tokyo benchmark surged right after the opening to hit a record high two days in a row.
The bullish run comes amid speculation that Takaichi will dissolve the Lower House at the onset of the ordinary Diet session later this month.
Meanwhile, currency investors are selling the yen on expectations of ramped-up fiscal spending.
The currency weakened against the dollar to the mid-159 range. That's a level not seen in a year and a half.
The yield on the 10-year Japanese government bond hit 2.18 percent at one stage for a 27-year high. Yields rise when prices fall.
The upward pressure also stems from the view that the stimulus by the Takaichi administration will continue.
- 14/1 18:20
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