financetom
World
financetom
/
World
/
Japan's Nikkei rises as yen weakens, economy shows resilience
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Nikkei rises as yen weakens, economy shows resilience
Aug 14, 2025 7:02 PM

TOKYO, Aug 15 (Reuters) - Japan's Nikkei advanced on

Friday, capping a week in which the benchmark index climbed to a

record high, as the yen weakened and data showed the nation's

economy was surprisingly resilient.

The Nikkei 225 Index gained 0.46%, following its

ascent to an all-time high of 43,451.46 earlier in the week. The

broader Topix climbed nearly 1%.

The overnight drop in yen provided support to exporter

shares, while data released on Friday showed Japan's economy

expanded at an annualised rate of 1% in the April-June quarter,

beating forecasts. Analysts expect the full impact of U.S.

tariffs on growth to emerge later.

Rising U.S. Treasury yields and comments from U.S. Treasury

Secretary Scott Bessent on Thursday that the Bank of Japan will

likely be raising interest rates were factors behind a jump in

financial shares, said Wataru Akiyama, a strategist at Nomura

Securities

"Expectations for improved performance due to rising

domestic interest rates are acting as a tailwind, leading to

relatively large increases in bank and insurance company shares

today," Akiyama said.

Banks were the biggest gainers in the Topix, with a

sub-index of lenders climbing 4.1% to the highest

level since August 2006. Shares of Mitsubishi UFJ Financial

Group ( MUFG ) rose 5.7%, marking an eighth consecutive session

of gains and hitting a record high.

There were 151 advancers in the Nikkei index against 66

decliners, positioning the gauge for a 2.6% climb over the week.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tech Rebound Lifts Asian Stock Markets
Tech Rebound Lifts Asian Stock Markets
Nov 19, 2024
06:05 AM EST, 11/19/2024 (MT Newswires) -- Asian stock markets tracked moderately higher Tuesday after tech issues showed strength in overnight trading on Wall Street. Hong Kong, Shanghai and Tokyo finished in the green, as did other regional exchanges. Singapore shares hit a 17-year high. In Japan, the Nikkei 225 opened higher on Wall Street cues and held ground, finishing...
FOREX-Investors rush into safe-haven currencies after Kremlin nuclear doctrine
FOREX-Investors rush into safe-haven currencies after Kremlin nuclear doctrine
Nov 19, 2024
* Investors rush into safe-haven currencies after Kremlin remarks * Yen, Swiss Franc jump versus euro * U.S. dollar index extends its rise * Analysts said markets too complacent to geopolitical risks * (Updates after Kremlin statement) By Stefano Rebaudo Nov 19 (Reuters) - Investors rushed into safe-haven currencies, including the U.S. dollar, the Swiss franc and the yen, after...
Russian Bear Cautions Wall Street Pre-Bell; Asia Up, Europe Down
Russian Bear Cautions Wall Street Pre-Bell; Asia Up, Europe Down
Nov 19, 2024
06:20 AM EST, 11/19/2024 (MT Newswires) -- Wall Street futures pointed moderately lower pre-bell Tuesday after Russia publicly updated a military doctrine and appeared to lower the bar on the use of nuclear weapons in the Eastern European theater. In the futures, the S&P 500 fell 0.4%, the Nasdaq declined 0.3% and the Dow Jones was off 0.6%. In earnings...
Euro zone yields dive as Russia warnings spark safe-haven rally
Euro zone yields dive as Russia warnings spark safe-haven rally
Nov 19, 2024
(Updates with Russia headlines, mid-morning trading) By Amanda Cooper LONDON, Nov 19 (Reuters) - Euro zone government bond yields lurched lower on Tuesday, driven by a rush of safe-haven buying on the back of fresh warnings from Russia about retaliation for any attacks on its soil or that of its allies. President Vladimir Putin said Russia could consider using nuclear...
Copyright 2023-2026 - www.financetom.com All Rights Reserved