The Nikkei 225 Index rose 0.81% to close at 37,935 while the broader Topix Index gained 0.86% to 2,686 on Friday, recouping most of the losses from the previous session as the Bank of Japan held interest rates steady in a widely expected move. Meanwhile, the BOJ dropped wording on buying the same amount of bonds as before, revised its inflation forecasts higher and said the economy will likely keep growing at a healthy pace. Investors also reacted to data showing Tokyo’s core inflation rate slowed to a 2-year low of 1.6% in April due largely to distortions from the start of education subsidies. Technology stocks mostly advanced as major US tech names rallied in after-hours trading on strong earnings, with gains from Tokyo Electron (1.9%), Advantest (0.9%), SoftBank Group (2.4%), Recruit Holdings (1.9%) and Lasertec (2.2%). Socionext (7.8%) and Keyence (7.8%) also rallied on upbeat corporate earnings reports.
The main stock market index in Japan (JP225) increased 4383 points or 13.10% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from Japan. Historically, the Japan Stock Market Index (JP225) reached an all time high of 41113 in March of 2024. Japan Stock Market Index (JP225) - data, forecasts, historical chart - was last updated on April 26 of 2024.
The main stock market index in Japan (JP225) increased 4383 points or 13.10% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from Japan. The Japan Stock Market Index (JP225) is expected to trade at 38872.77 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 35754.95 in 12 months time.