Read Daily News or Be Left Behind ?

LATEST NEWS

Read Daily News Or Be Left Behind

Live in the Present & Plan for the Future

The rally was supported by better corporate governance, foreign buying on a weaker yen and expectations that the Bank of Japan will stick with loose monetary policy.

Nikkei, Japan, Japan Nikkei, Nikkei 225, YenJapan’s Nikkei posts biggest point gain on record for FY24 (File Image)

Japan’s Nikkei share average logged the biggest rise ever on an absolute basis for the fiscal year ended on Friday, rallying 12,328 points.

The index hit successive record highs this quarter, after breaking levels on Feb. 22 that were last seen in 1989 during the nation’s bubble economy.

The rally was supported by better corporate governance, foreign buying on a weaker yen and expectations that the Bank of Japan will stick with loose monetary policy.


 

First uploaded on: 29-03-2024 at 12:03 IST


How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

Leave a Comment

Your email address will not be published. Required fields are marked *