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Thursday, 19th August 2010
In Business In Japan,

Japanese stocks rise on morning data

Shares on several Japanese stock exchanges have risen on the back of Wall Street gains and speculation about new economic stimulus from the country's government.

Both the Nikkei stock average and the Topix exchange rose and shares in big name Japanese companies including Toshiba and Nintendo also enjoyed gains.

Prime minister Naoto Kan has said that more economic stimulus measures could be put in place as early as next month, as the Japanese economy continues to stall. New figures recently showed that Japan is no longer the world's second largest economy and has dropped to third position.

Asian neighbour China overtook the country to become the second biggest economy in the world after the US.

According to DPA, Mr Kan is due to meet with the governor of the Bank of Japan Masaaki Shirakawa to discuss economic issues including the strong yen, which recently reached a record high against the US dollar.

Written by Mark Smith