Tokyo (awp/afp) – The Tokyo Stock Exchange continued on Tuesday morning on its previous day’s momentum, pending new macroeconomic forecasts from the Bank of Japan (BoJ) on growth and inflation in the archipelago, in early afternoon local time.
The flagship Nikkei index gained 0.63% to 28,511.80 points around 1:20 a.m. GMT and the broader Topix index rose 0.43% to 1,995.20 points.
No change in the BoJ’s ultra-accommodative monetary policy is expected on Tuesday, but the institution should notably raise its inflation outlook, according to economists.
On the side of values
MIZUHO CHANGES HEADS: the title of the Japanese megabank Mizuho took 1.12% to 1,619.5 yen. Investors appreciated the early appointments of new leaders at its head, made official on Monday.
But its new general manager Masahiro Kihara, 56, who will take up his post on February 1, will have a lot to do to restore confidence in the group weakened by technical failures of its services repeatedly in recent times.
On the side of currencies and oil
The yen appreciated against the dollar before the BoJ, at the rate of one dollar for 114.51 yen around 01:15 GMT against 114.63 yen on Monday.
The Japanese currency was stable against the euro, which was worth 130.76 yen against 130.78 yen the day before. One euro was also trading for 1.1417 dollars, against 1.1408 dollars on Monday.
Oil was up, boosted by supply pressures and geopolitical risks. Around 01:10 GMT, the price of an American barrel of WTI gained 0.55% to 84.28 dollars, but that of a barrel of Brent from the North Sea stagnated (+0.01% to 86.49 dollars) after reaching Monday a high since 2018.
etb/mac/mlb