Japanese stocks rallied on Friday, boosted by a weaker yen following weaker-than-expected inflation data in Tokyo. The Nikkei stock index rose 0.6% to 50,700.49, with technology and video game stocks leading the gains. SoftBank Group rose 1.5%, while Nintendo also posted a 1.6% gain, reflecting market optimism about Japan's technology sector.
The weaker yen also supported Japanese stocks, with USD/JPY trading at 156.22, up from 155.81 at the previous Tokyo close. Investors are now closely watching any comments from Japanese government officials regarding the yen's depreciation, as well as progress on Prime Minister Sanae Takaichi's ongoing economic plan.
With a brighter outlook for Japan's technology sector and a weaker yen, the Japanese stock market has the potential to continue its positive trend. However, attention remains on developments in the Japanese economy, which will influence further movements in the yen and major Japanese stocks. (az)
Source: Newsmaker.id
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