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Nikkei Hits Record 69,500 as Investors Look Past Expected BOJ Rate Hike
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Japan’s Nikkei index rose above 69,500 for the first time on record, gaining 5.4% in two hours and adding more than ¥77.22 trillion ($465 billion) in stock market value. The rally came even as markets expect the Bank of Japan to raise interest rates to 1% tomorrow, suggesting investors remain confident about Japanese equities. Markets will next focus on the Bank of Japan’s policy decision and any signals about future rate increases.
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