Nikkei Up 0.2%, Led by Financials, Heavy Industries
Japanese stocks ended higher as hopes persisted for further Bank of Japan interest rate hikes on solid economic growth.
Financials and heavy industries led the gains. Resona Holdings rose 3.6%, Mitsubishi UFJ Financial Group gained 2.0% and IHI added 6.3%. The Nikkei Stock Index gained 0.2% to 39,270.40. The latest 10-year Japanese government bond yield rose 4.5 basis points to 1.430%, its highest since November 2009.
Investors are focused on U.S. trade and foreign policy as earnings season winds down in Japan. USD/JPY was at 151.96, compared with 151.50 at 5 p.m. ET Monday.
Source: Bloomberg