Nikkei Close 0.15% Higher, Japan Lower House to Approve BOJ Nominees –Market Positive
Mar, 15th 11:35
Japan stocks were higher after the close on Thursday, as gains in the Shipbuilding, Power and Trading sectors led shares higher.
At the close in Tokyo, the Nikkei 225 gained 0.15%.
The best performers of the session on the Nikkei 225 were Marui Group Co., Ltd, which rose 7.38% or 144.0 points to trade at 2095.0 at the close. Meanwhile, Toshiba Corp added 4.54% or 14.0 points to end at 322.5 and Tokai Carbon Co., Ltd was up 4.19% or 70.0 points to 1742.0 in late trade.
Japan’s lower house of parliament will approve the government’s nominees for the next central bank governor and deputy governors on Friday, a parliament source said.
The lower house’s plenary session will convene on Friday at 1 p.m. (0400 GMT) and put to vote the government’s nominees for the BOJ posts, according to the source.
The government has nominated BOJ Governor Haruhiko Kuroda for another five-year term when his current one ends in April, and two deputy governors to succeed the incumbents when their terms expire next week.
On the technical charts, Nikkei 225 is trading sideways above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 48.96 and the MACD is above the signal line. The market is expected to trade in the positive zone.
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