Nikkei Average Exceeds 59,000 for the First Time Due to Strong US Stocks and Yen Depreciation
The Nikkei average briefly surpassed 59,000 points for the first time, supported by rising US stock markets and a weaker yen.
Historic Yen Depreciation Hits Balmuda Hard: 'We Can't Survive Just on Home Appliances'
The Japanese home appliance maker Balmuda reported a significant loss due to historic yen depreciation, leading to concerns about its future viability.
Yen depreciation advances to the 157 yen range; the effect of rate checks diminishes, marking a two-week level
The yen weakened to around 157 yen to the dollar in the Tokyo foreign exchange market, the lowest in roughly two weeks, due to perceptions of continued yen-selling influenced by a recent election victory by the ruling party and its fiscal policies.
Stock price rises over 1300 yen due to yen depreciation and orders for export-related stocks
On the Tokyo stock market on the 3rd, the Nikkei index rose by more than 1300 yen as export-related stocks attracted buying orders amidst a depreciating yen.