Lates News

With expectations of improved trade relations, the Japanese stock market is rising. The Nikkei Index is up by 2.1% to 38,446.70 points. The significant weakening of the yen also boosts the overall market. Automobile and banking stocks are leading the gains, with Toyota Motor rising by 4.3% and Mitsubishi UFJ Financial Group by 5.0%. Following a sharp drop in pharmaceutical stocks yesterday, they are rebounding today, with Daiichi Sankyo's stock price up by 7.6% and foreign pharmaceutical stocks up by 4.8%. The exchange rate for the US dollar against the yen is at 148.11 yen, higher than the 146.03 yen at the close of the Tokyo stock market on Monday. The market's focus is on corporate earnings, with International Electric scheduled to announce their performance later today.