Tokyo stocks end 2.4% higher

By AAP

The dollar's gains against the yen also helped boost the market. "The dollar's recovery to the 102 yen mark is a critical factor to the bargain-buying we're seeing today," Investrust CEO Hiroyuki Fukunaga told Dow Jones Newswires. "But more meaningful gains will depend on favourable reception of the government's economic growth plan and, of course, a sharp increase in the GPIF's (Government Pension Investment Fund) allocation to domestic stocks, which will almost certainly carry a positive 'fallout effect' on other investors," he added.

Read more here: Business Spectator

    

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>