Nikkei Stocks up 1.37% for the week !

What an end to a turbulent week in Tokyo , nearly 10% swings !

Friday stocks rose 1.37% on Friday, as a weakening yen helped the benchmark index rebound from the previous day blood bath of more than 5%.Thursday followed a week of wild volatility in the market which included a a plunge of 7.3%, the worst single-day fall since Japan’s 2011 quake-tsunami disaster.

Nikkei 225 index added 185.51 points to 13,774.54 .

Investor sentiment was buoyed by official data released Friday that showed Japanese factory output expanded by a better-than-expected 1.7% on-month in April, even as the nation remained mired in deflation.

FOREX

The dollar fetched 101.01 yen in Tokyo afternoon trade from 100.74 yen in New York late Thursday, while the euro also strengthened to 131.65 yen from 131.39 yen.

You can say one thing Tokyo ain’t boarding .

Tony Evans

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