TOKYO ( Dow Jones) – Price markups in export and commodity values and the positive templates from Wall Street on Wednesday caused the stock market in Tokyo for a firmer tendency.
The Nikkei -225 index rose by 0.9 % or 79 to 9241 points. The Topix was up 1.0 % and 8 to account for 835 points. In view of the market stand point , however, remains the yen strength, it was called from the market . It is expected that the Bank of Japan ( BoJ ) will take the latest at their next meeting in September action. In addition, it will certainly give next week a meeting of the Prime Minister with the central bank governor.
Until then, the Nikkei is likely to move in a relatively narrow range , as an analyst. Revenues were again very low. Resistance is now seen at 9300 points. The yen had weakened slightly on the previous day against the dollar and the euro. " The market is but further tension, while the dollar traded at 86 JPY , "said one dealer. In export values gained 0.7% to ¥ 2,559 Sony , Honda Motor improved by 2.4 % to ¥ 2,827 and Nissan advanced by 2.8 % before to 655 yen.
Mazda showed the other hand , at a discount of 1.0 % to 194 yen and gave it after the sixth trading day in a row. Background reports that the company must recall in the United States 215 000 Mazda3 and Mazda5 vehicles. Moreover, it was announced last week a recall campaign in China.
The values from the resource sector winged the takeover offer from BHP Billiton for Potash and the slightly higher price of oil. Inpex increased by 4.6 % to ¥ 396,000 and JX Holdings recorded an increase of 4 % to 470 yen. Nikon rose by 1.5 % to ¥ 1,511 after German Bank Securities has the stock to " Buy " from "hold upgraded .
DJG / DJN / ros / voi