Japanese stocks hit record highs amid easing debt concerns
The Peninsula
Tokyo: Japan s broader Topix index reached an all time high on Friday as investor concerns over the country s debt levels eased. The Topix climbed...
Tokyo: Japan's broader Topix index reached an all-time high on Friday as investor concerns over the country's debt levels eased.
The Topix climbed 0.5% in early trading to 3,436.75, marking its highest level ever during a trading session.
Meanwhile, the Nikkei 225, Japan's benchmark index, rose 0.9% to 50,865.30, heading for a 26% gain for the year.
The gains followed the Japanese government's approval of a record budget for the next fiscal year, aimed at balancing proactive fiscal measures with debt management.
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