The flagship Nikkei index recovered 0.58% to 28,479.01 points at the close and the broader Topix index advanced 0.48% to 1,976.60 points.
The Tokyo Stock Exchange rose slightly on Thursday, following five consecutive sessions of decline in the anxious anticipation of the speech of the boss of the Fed on Friday at the conference of central bankers in Jackson Hole, in the United States.
The flagship Nikkei index recovered 0.58% to 28,479.01 points at the close and the broader Topix index advanced 0.48% to 1,976.60 points.
The New York Stock Exchange concluded with a small increase on Wednesday, having itself fallen over the previous three sessions.
Investors around the world are awaiting Fed Chairman Jerome Powell’s speech, hoping for clues regarding where the U.S. central bank’s monetary policy will evolve in the months ahead: continued marching rate hikes forced once morest inflation or foreshadowing a slightly more flexible course?
Haruhiko Kuroda, the governor of the Bank of Japan, which maintains an ultra-accommodative monetary policy, will also be present in Jackson Hole but should not speak there.
On the side of values
ELECTRIC ATMOSPHERE AT NIDEC: the title of the manufacturer of electric motors for various industrial sectors Nidec dropped 2.39% to 9,300 yen. According to press reports, its chief operating officer Jun Seki, a former senior executive at Nissan, is regarding to walk out a few months following being removed from his position as general manager by the group’s founder Shigenobu Nagamori, who has since returned to the US. orders despite his 77 years.
On the side of oil and currencies
Oil prices rose: around 06:15 GMT the barrel of American WTI gained 0.39% to 95.26 dollars and the barrel of Brent from the North Sea took 0.57% to 101.80 dollars.
On the foreign exchange market, the dollar retreated to 136.65 yen around 06:25 GMT once morest 137.12 yen on Wednesday at 21:00 GMT.
The euro appreciated once morest the Japanese currency, worth 136.81 yen once morest 136.67 yen the day before. And the European currency rose to 1.0010 dollars once morest 0.9967 dollars on Wednesday.