TOKYO – The Nikkei index of the Tokyo Stock Exchange closed today in progress by 1.37% to 16,723.31 points.
The Japanese stock market has been moving towards a rising after prolonged break weekend (Monday was a national holiday) in the wake of the weakening of the yen, although the title of SoftBank reacted with an immediate drop of about 10% to ARM Holdings news dell’onerosa acquisition for over 29 billion euro. Beyond the Masayoshi Son Group strategic bet with his major foreign acquisition, investors show some concern for the growth of the already very high level of corporate debt, as well as for the high premium paid. However, the Forex market seems to have solved the mystery of why from Japan arrived in recent weeks arrived massive pounds purchase orders (weakened by Brexit): obvious who was buying he did on behalf of SoftBank.
The Japanese currency had weakened by 1.2% yesterday against the dollar (after -4% last week) and now stood at just under a change to 106, the which encourages purchases on the exporting companies stocks.
Continue while Nintendo’s honeymoon with investors caused by the resounding success of the online game Pokemon Go mobile: the title of the Kyoto company has made another leap today close to 10 percent. The Pokemon-mania also benefits McDonald’s Japan Holding, whose rise has been close to 10% after the July 15 announced to offer Pokemon toys with its Happy Meals.
The Japanese stock exchange, fresh from 9.2% in the Nikkei last week, it is carried around the six-week highs, with the longest series of positive sessions in nine months. Later this month expect new monetary stimulus from the Bank of Japan, which will combine with the announcement of the characteristics of a new maneuver of the Japanese economy fiscal stimulus launched by the Abe government, emerged victorious in the recent elections for the renewal of meta ‘of the Upper House.
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