Japan Stocks Rise on Weaker Yen as US Rate Hike Bets Increase
Japan _Stocks
Tokyo - XINHUA
Shares in Tokyo rose and the yen weakened as the prospect of Federal Reserve tightening boosted the dollar while Japan's central bank head said he saw a possibility of expanded stimulus as soon as next month.
Japanese stocks gained a second day on volume 30% below the 30-day average at the close, while the yen traded near its lowest level since 2014.
Fed Vice Chairman Stanley Fischer signaled that a 2016 rate hike is still under consideration.
BOJ Governor Haruhiko Kuroda said in an interview published Saturday in the Sankei newspaper that there's a "sufficient chance" the bank will add to its unprecedented easing at September's policy meeting.
Source : QNA
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Dubai - Arab Today
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