No Data
Japan's Economy Shrinks Again as Inflation Hits Consumers' Pocketbooks
The Japanese economy contracted in the first quarter of 2024 as growing inflation, driven in part by a weak yen, made domestic consumers hesitant to spend.
High-tech stocks drive the Nikkei Stock Average
The Japanese stock market on the 16th is likely to have a buy-dominant market. In the US market on the 15th, the NY Dow rose by 349 dollars and the NASDAQ was 231 points higher. In response to the slowdown in the US Consumer Price Index (CPI) growth in April, purchases in response to expectations of interest rate cuts by the end of the year intensified. It was bought mainly by high-tech companies against the backdrop of a drastic drop in long-term US interest rates, and remained steady throughout the day. Chicago Nikkei 225 futures are 38705 yen, which is 325 yen higher than Osaka. The yen exchange rate is hovering at 154 yen 60 yen per dollar. Chicago