Saturday, February 16, 2013

Tough, Nikkei Helped Weakening Currency

Tangguh, Nikkei Terbantu Pelemahan Valuta

Monexnews-movement of the Nikkei today (12/02) a lot of helpful currency exchange rate weakening after Vice Finance Minister for International Affairs, Lael Brainard U.S. declared his support on aggressive measures to encourage growth and Tokyo ending deflation. The Nikkei rebounded 2.4 percent to Y11, Hiroichi Nishi 422.32, obviously, General Manager of Nikko Securities SMBC.

"Speculation is growing that the movement of the exchange rate of the yen was part of Japan's efforts to ward off deflation," explained. The Nikkei has had the opportunity to get to the level of 11,550. Shares of major exporters moving up. Shin-Etsu Chemical + 1.5% to Y5 4,048. Honda Motor + 1.8% to,595 Y3. 23/33 Topix subindeks moving up led by brokerage shares such as Nomura Holdings + 2.6% Y543. Nissan Motor-3.3 per cent to Y954 after reporting a profit decline of auto manufacturers amounted to 35% for the quarter October-December. Renesas Electronics-5.9 per cent to Y269 after the company said the acquisition of the company profit is likely to fall about Y176 billion.

(din)



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Title Post: Tough, Nikkei Helped Weakening Currency
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