Wednesday, November 21, 2012

Nikkei rises 1 pct to 2-month high, led by exporters





The Nikkei average rose to a two-month high on Wednesday, led by exporters after the yen hit a seven-month low versus the dollar on expectations the Bank of Japan will be pushed to take aggressive stimulus action under a likely new government.


Shinzo Abe, leader of the main opposition Liberal Democratic Party (LDP), has called for more extreme measures from the central bank, including setting a 2 per cent inflation target, to pull the export-reliant economy out of deflation.









via Business feed http://www.scmp.com/business/money/market-snapshot/article/1087440/nikkei-rises-1-pct-2-month-high-led-exporters

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