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Article: Japan stock market week to Jan 22, 2007.(Statistical data)
- Article from:
- Pharma Marketletter
- Article date:
- January 29, 2007
CopyrightCOPYRIGHT 2007 Marketletter Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Tokyo rebounded in the week ended January 22 following mixed moves. The Nikkei 225 was up 1.2% to close at 17424.18, the highest mark since April 10, 2006, while the Topix index rose 1.5%. The higher market was supported by the yen's weakness against the US dollar and the euro, the decline of crude oil price and the Bank of Japan's decision to maintain the current levels of interest rates against the general expectation for a hike. The news eliminated the previously broad investor worries regarding the impact of a possible rate increase on the economy and currencies and allowed them to focus again on the expected solid earnings reports of leading companies due later this ...