Japan's Nikkei crosses 39,000 as robust earnings, investor-friendly measures drive risk-on sentiment
Publishing timestamp: 2024-02-22 04:38:20
Summary
The Nikkei 225 hit an all-time high fueled by robust corporate earnings and investor-friendly measures, with Japanese equities surging more than 10% in 2024. Foreign investors are pouring funds into Japanese stocks, supported by a weaker yen and government reforms aimed at boosting shareholder returns. Despite concerns about weakening yen impacting consumer purchasing power, the Bank of Japan is expected to move away from its negative rates regime to encourage spending.
Sentiment: POSITIVE
Tickers: .N225, 4755.T-JP, 7203.T-JP,
Keywords: warren buffett, toyota motor corp, breaking news: asia, asia economy, business news, japan, nikkei 225 index, economic events, rakuten group inc, prices,