Arab Today, arab today tokyo stocks up 162
Last Updated : GMT 21:09:51
Arab Today, arab today
Arab Today, arab today

Tokyo stocks up 1.62%

Arab Today, arab today

Arab Today, arab today Tokyo stocks up 1.62%

Tokyo - AFP

Tokyo stocks soared 1.62 percent at the open on Monday after Japan\'s conservative opposition swept to victory in national polls, with promises from its leader to press for more central bank easing. The benchmark Nikkei 225 index added 158.12 points to 9,895.68 at the start of trade, as the yen plunged in the wake of the Liberal Democratic Party\'s landslide win over the ruling Democratic Party of Japan. In earlier Tokyo forex trading, the dollar soared to 84.30 yen, up from 83.52 yen in New York on Friday, and its strongest level against the Japanese currency in more than a year and a half. The euro also soared to multi-month highs at 111.10 yen from 109.94 yen in US trade. Premier-in-waiting Shinzo Abe, the LDP\'s hawkish leader, has vowed to pressure the Bank of Japan (BoJ) into more aggressive policy easing measures in a bid to inject new life into the world\'s third-largest economy. Abe\'s central bank pledge has weighed on the yen in recent weeks as traders bet that an LDP victory would hike the likelihood of more easing from the central bank, and see the appointment of a like-minded BoJ governor after current chief Masaaki Shirakawa\'s term terms ends next year. A weaker yen tends to lift local stock markets because it helps make exporters\' products more competitive overseas. Abe has vowed to bolster Japan\'s defences in the face of a territorial spat with China, and boost spending on infrastructure at a time when much of the tsunami-wrecked northeast remains a shell of its former self. \"The election results were very much in-line with market expectations. A relief rally is in order, helped by the stronger dollar,\" SMBC Nikko Securities general manager of equities Hiroichi Nishi told Dow Jones Newswires. \"Next, investors will be eager to see the kinds of concrete policy measures that the new government proposes.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tokyo stocks up 162 Arab Today, arab today tokyo stocks up 162

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tokyo stocks up 162 Arab Today, arab today tokyo stocks up 162

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday