Nikkei 225 Up Fueled by US Inflation Data

The Nikkei 225 climbed by 85.05 points, a 0.26% increase, closing at 33,254.03 on Monday. This rise continued from the previous session, following Wall Street’s hopeful year-end rally on Friday. The optimism came after the US Federal Reserve’s preferred November inflation measure was lower than expected, nearing their 2% target.

Simultaneously, Japan’s headline and core inflation rates dropped to a 16-month low. On a quiet Christmas day, investors focused on a speech by Bank of Japan Governor Kazuo Ueda. He mentioned the possibility of adjusting monetary policy if wages and prices trend positively. Ueda emphasized maintaining a very accommodating monetary stance to support Japan’s delicate economic recovery. The healthcare sector led the gains, with notable increases in property, technology, and consumer sectors. Leading the day’s gains were Nexon Co. (5.4%), NTT Data Group (4.5%), Lasertec Co. (2.8%), NH Foods (2.5%), and Takashimaya Co. (2.4%).

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