Japan Markets Latest News Updates

Japan Markets Latest News Updates as of May 16, 2024:

Overall Market Sentiment:

  • Mixed performance: Japan’s stock markets are showing a mixed performance with the Nikkei 225 closing slightly higher on May 15, 2024, while the broader TOPIX index closed marginally lower.
  • Cautious optimism: Investors are optimistic about better-than-expected earnings from Sony Corp but remain cautious ahead of the release of the U.S. CPI report, which could give clues about the Federal Reserve’s next steps.
  • GDP data awaited: Investors are also awaiting the release of first-quarter GDP data from Japan, which is expected to show a contraction and could potentially affect the Bank of Japan’s plans to raise interest rates.

Market Movements:

  • Nikkei 225: Advanced 29.67 points, or 0.08%, to finish at 38,385.73.
  • TOPIX: Closed slightly lower.
  • Gains: Led by precision instrument, rubber product, and electric appliance shares.
  • Declines: Oil and coal product, real estate, and land transportation issues.

Other News:

  • Yen weakens: The yen weakened slightly against the dollar, trading at 134.60 yen per dollar.
  • Government bonds: The yield on the benchmark 10-year Japanese government bond rose to 0.43%.

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