Japanese stocks rose to a 30-year high today, Tuesday, as progress in the distribution of anti-virus vaccines boosted expectations that the global economy is on the verge of a strong recovery.<\/p>\n\n\n\n
The benchmark Nikkei index rose 1.28% to 30,467.75, closing at its highest level since August 1990.<\/p>\n\n\n\n
The broader Topix index rose 0.57% to 1965.08, during the session, its highest level since June 1991.<\/p>\n\n\n\n
Japanese stocks followed the impact of the rise of global stock markets in a rapid rally as money flows into riskier assets in anticipation of a rapid improvement in economic growth and corporate earnings, but analysts are concerned that the recent gains will not last.<\/p>\n\n\n\n
The latest announcements of corporate earnings have been favorable, and Japan is expected to begin vaccination against the Coronavirus this week.<\/p>\n\n\n\n
Moreover, Bank of Japan Governor Haruhiko Kuroda said today that the latest rally in stocks is a reflection of global expectations, ignoring views that the bank’s monetary policy is feeding a bubble.<\/p>\n\n\n\n
SoftBank Group topped the list of gainers among the 30 main stocks on the Topix index, up 4.15%, followed by Hoya Corp, which rose 3.79%.<\/p>\n\n\n\n
The lowest performing stocks were Toyota Motor, which fell 1.81%, followed by Dai-ichi Sankyo, which fell 0.56%.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Japanese stocks rose to a 30-year high today, Tuesday, as progress in the distribution of anti-virus vaccines boosted expectations that the global economy is on the verge of a strong recovery. The benchmark Nikkei index rose 1.28% to 30,467.75, closing at its highest level since August 1990. The broader Topix index rose 0.57% to 1965.08, …<\/p>\n","protected":false},"author":9,"featured_media":33466,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6939,6971],"class_list":["post-41548","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-japan","tag-nikkei"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=41548"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41548\/revisions"}],"predecessor-version":[{"id":41549,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41548\/revisions\/41549"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33466"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=41548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=41548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=41548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}