The Nikkei index ended at a high of 0.80%, to 19,890.27 points, after ending last week with accumulated gain of 1.8%.
Swings disclosed after closing the market last Friday boosted the Nikkei index since the beginning of today’s session. The roles of the Mitsubishi UFJ Financial Group advanced 4.58% after the group announced a net profit of 1.03 trillion yen, above expectations. As for the Dai-Ichi Life insurance shares rose 10.57% after the company announced aggressive targets for the medium term.
The shares of Japanese companies also benefited from the slight depreciation of the yen against the dollar, said analysts. They added, however, that the gains should be limited precisely because the foreign exchange market lacks strong news enough to make the dollar overcome the psychological barrier of 120 yen.
“The market has been somewhat stopped in the last three weeks, “said Yutaka Miura, senior technical analyst at Mizuho Securities. “No one expects more BOJ stimulus (BoJ) anytime soon.” Source: Dow Jones Newswires.
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