Japan Stock Market (JP225)
The Nikkei 225 Index rose 0.1% to around 39,200 while the broader Topix Index gained 0.5% to 2,704 on Thursday, recouping some losses from the previous session and tracking a rebound on Wall Street overnight as strong corporate earnings from companies like Morgan Stanley and United Airlines lifted market sentiment.
Meanwhile, investors digested data showing Japan posted a trade deficit in September as exports unexpectedly declined, while imports growth slowed.
On the monetary policy front, Bank of Japan board member Seiji Adachi said on Wednesday that conditions are already in place to normalize monetary policy, but emphasized that the central bank must raise interest rates at a “very moderate” pace.
Notable performances were seen from Mitsubishi Heavy Industries (1.2%), Mitsubishi UFJ (1.2%), Hitachi (3.3%), Toyota Motor (2%) and Fast Retailing (1.1%).Cay)
Source: Trading economi
