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Tokyo stocks closed at their highest level in over seven months on Tuesday with the benchmark Nikkei index adding 1.24% as a sharp drop in the yen lifted exporter shares.
The Nikkei rose 192.00 points to 15,668.60, its best finish since late January, while the Topix index of all first-section shares climbed 1.09%, or 13.94 points, to 1,297.00.
© (c) 2014 AFP
5 Comments
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StormR
Things in general improving lately, interestingly with all the strife going on in the world, isreal, Iraq, Ukraine etc, imagine if things were all going smoothly and peacefully without the turmoil in these places.
The weakening yen is great for business if you are exporting, many companies have been waiting for years for the yen to get real again.
Serrano
How come the Chinese yuan doesn't fluctuate wildly against the dollar like the Japanese yen does? Is it because the Chinese government doesn't allow this nonsense?
umbrella
weak yen, who needs it?? I can't imagine any foreigners here stupid enough to be holding yen in any amount. A dead currency.
Nguyen Xuan Viet
Weak yen supports the export, but it ruins Japanese life with high consumption tax and high expense. people feel nervous and unstable.
StormR
umbrella some foreigners do business in yen here, a weak yen is good for exports, which is what some foreigners do for a living.