Japan Stocks Mixed after Yellen Comments

Japanese stocks fluctuated after Federal Reserve Chair Janet Yellen signaled an increase in U.S. interest rates is unlikely before mid-year and companies on the Topix index traded without the right to the next dividend payment.

SoftBank Corp. gained 3 percent to be the biggest support to the Topix. NTT Data Corp. added 2.4 percent after JPMorgan Chase & Co. raised its rating on the stock. Aeon Co., Japan’s largest retailer, fell 0.8 percent after the stock went ex-dividend today. Pachinko slot machine maker Sankyo Co. sank 6 percent after cutting its profit forecast.

The Topix gained 0.2 percent to 1,511.71 at the trading break in Tokyo, swinging from a 0.1 percent loss. Ten shares rose for every seven that fell. The Nikkei 225 Stock Average added 0.1 percent to 18,628.98 after closing yesterday at a 15-year high. The yen rose 0.2 percent to 118.72 per dollar.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.