Japan's indices close stronger on $265bn stimulus package

Mubasher: Japan's indices finished Wednesday's trading session on a stronger note after the Prime Minister Shinzo Abe announced new stimulating economic strategies.

The benchmark Nikkei 225 rose by 1.7% to 1,6664.82 points and the Topix ended 1.13% higher to 1321.67 points.

By 7:40am GMT, Yen rose by 0.9% to 105.65 against the US dollar.

Today, Shinzo Abe announced that the government will compile a stimulus package of more than $265 billion to prop up Japan's economy.

Investors are waiting for key central bank's decisions over interest rates and the monetary policy. 

Mubasher Contribution Time: 27-Jul-2016 08:25 (GMT)
Mubasher Last Update Time: 27-Jul-2016 08:25 (GMT)