Nikkei Rises, Investors Relieved After Japan Interest Rate Decision
The Nikkei 225 index rose 0.29% to 53,847, while the Topix index added 0.37% to 3,613 on Friday. These gains came after the Bank of Japan (BoJ) maintained its interest rate at 0.75%, in line with market expectations. Governor Kazuo Ueda confirmed that the BoJ will raise interest rates if the economy and inflation meet projections, while monitoring the impact of the weakening yen on prices.
Japanese blue chips posted significant gains, including Nintendo (+4.5%), Advantest (+3%), JX Advanced (+3.1%), Mitsubishi UFJ (+0.6%), and Toyota Motor (+1.1%). This support also stemmed from positive sentiment on Wall Street after US President Donald Trump canceled planned tariffs against European countries.
The BoJ's interest rate decision and current market conditions coincide with Japan's preparations for a snap election, which could potentially pave the way for increased fiscal spending under Prime Minister Sanae Takaichi. Investors continue to monitor the combination of monetary and fiscal policies for the market's future direction. (az)
Source: Newsmaker.id