Japan s revised official data showed that its GDP expanded 0.4 percent in the October-December period last year, paving the way for Bank of Japan to raise interest rates.
Of 786 component firms of the broad Topix index that had announced their April-December results as of Wednesday, 455 companies reported higher net profits.
(Bloomberg) Japan, Asia’s most-popular market, also has its detractors. Most Read from BloombergBlinken’s Return From Davos Was Delayed After Plane Broke DownPakistan’s Army Strikes Back at Iran as Both Sides Urge CalmApple to Sell Watches Without Oxygen Feature After Legal SetbackAirstrikes on Yemen Bring New Level of Chaos to Shipping in the Southern Red SeaNasdaq 100 Hits Record High in Tech-Fueled Rebound: Markets WrapInvestor enthusiasm for Japanese equities dominates the region, with 59
Chinese investors have been piling billions of yuan into exchange-traded funds that track Japanese stocks, fuelling a bull run that has helped Tokyo’s benchmark index surpass its counterpart in Shanghai.