Nikkei breaks 35,000pts for 1st time in 34 yrs

Japan’s benchmark Nikkei 225 rose 1.77 per cent to hold above the 35,000 mark, remarking its highest levels since February 1990, Reuters reported on Thursday. 

The index was also on its way to the largest weekly gain since late March 2020.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 499.44 points, or 1.45 per cent, from Wednesday to 34,941.16. The broader Topix index was up 36.99 points, or 1.51 per cent, at 2,481.47.

Tokyo’s inflation rate slowed to 2.4 per cent in December from 2.6 per cent in the previous month. Core inflation — which strips out prices of fresh food — remained unchanged at 2.1 per cent, and came in line with expectations.