TOKYO : Japan's Nikkei share average rallied on Friday to the highest since August 1990, the country's so-called 'bubble' era, driven by a confluence of positive factors from strong earnings to optimism over a U.S. debt ceiling deal.The benchmark index jumped as high as 30,924.57 shortly after the open, o
TOKYO : Japan's Nikkei share average rallied on Friday to the highest since August 1990, the country's so-called"bubble" era, driven by a confluence of positive factors from strong earnings to optimism over a U.S. debt ceiling deal.
Japan's stock rally has been powered by a string of strong corporate results, a weaker yen amid views that the Bank of Japan will keep stimulus for longer and an economy that is starting to show signs of a post-COVID consumption revival. Foreign buying thanks to increased investment by Warren Buffett and a push for better corporate governance by the Tokyo Stock Exchange also provided some impetus.
The Topix had gained as much as 4.2 per cent over the same period. It was last 0.24 per cent higher at 2,162.98.
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