Tokyo Stocks Close Thursday Up
(MENAFN) Tokyo shares climbed Thursday, supported by a weaker yen that lifted exporter stocks, after the Bank of Japan maintained its policy rate.
Japan’s benchmark Nikkei index, the 225-issue Nikkei Stock Average, rose 17.96 points, or 0.04 percent, to close at 51,325.61. The broader Topix index advanced 22.55 points, or 0.69 percent, finishing at 3,300.79.
The yen briefly fell past the 153 level against the U.S. dollar in Tokyo following the central bank’s decision to keep its benchmark interest rates around 0.5 percent. This marked the first policy meeting since Sanae Takaichi assumed office as Japan’s prime minister last week.
While the decision was largely anticipated, some investors had speculated about a potential surprise rate hike, prompting the yen’s sell-off, analysts noted.
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