Friday, 6th February 2009
In Business In Japan,
Benchmark Nikkei index 'up 1.9 per cent'
Japan's benchmark Nikkei increased by 1.9 per cent in trading today (February 6th).
Meanwhile, the broader Topix share index was up by just under one per cent.
Among the biggest gainers was Suzuki Motor Corp which added four per cent, despite cutting its operating profits forecast.
Yesterday, the firm said it expected its annual operating profits to fall by around one-third due to the strength of the yen and falling global demand for new cars.
Japan's largest beer maker Asahi Breweries also saw a 1.9 per cent increase in its share price after announcing that operating profits were up nine per cent last year.
The company has, however, forecast a three per cent fall in profits this year, reports Reuters.
Fumiyuki Nakanishi, manager at SMBC Friend Securities, commented: "Expectations for fresh developments with US economic measures next week, including the establishment of a 'bad bank' and a weaker yen are encouraging investors to pick up stocks."
Related news stories:
Japan stocks fall in anticipation of bad news from US (1st December 2008)