TP: Yen Declines While Japanese Stock Futures Gained
Markets of Japan experienced a growth today though Yen was on decline against Dollar. It is believed that the news of Bank of Japan expanding the monetary stimulus might have given a boost to the market.
Today, the shares of Japanese carmaker, Honda Motor Co. rose by 0.6%. America has largest number of customers of the carmaker. Besides, Hondo Motor Co. BHP Billiton Ltd. also rose by 0.2%. Juichi Wako from Nomura Holdings Inc. said, "Investors are focusing on currency movements, affecting stock markets. If the yen weakens further, Japanese stocks are likely to rise".
While Japan's market was witnessing a high, China's Yuan also touched 19-year high and ended strong. The signs of growth in the second largest economy might bring further good news for the world economy in the coming times. The growth of China's Yuan seemed promising.
Meanwhile, it has come to light that the rates of joblessness in the US have declined. The labor market of the US is making its recovery. However, the recovery is quite slow at the moment. It is hoped that the mortgage market of the US will also recover soon.