Tokyo Shares Dip But Nintendo Soars On Apple Tie-up
Mohammad Ali (@ChaudhryMAli88) Published September 08, 2016 | 09:55 AM
TOKYO,(UrduPoint / Pakistan Point News -8th Sept,2016) - Tokyo stocks slipped Thursday morning as soft Japanese growth data left investors guessing about the chances of more central bank stimulus, but Nintendo soared on news of a Super Mario game tie-up with Apple.
Shortly before markets opened, Japanese government figures showed that the world's number three economy expanded by a tepid 0.2 percent in the April-June quarter, slightly better than a flat preliminary reading.
But the improved numbers -- owing to an upward revision in capital spending and public investment -- still fell well below first-quarter GDP figures, as a bid to put Japan on a firm recovery track struggles to gain traction.
The weak figures will thrust the spotlight on the Bank of Japan which holds a meeting this month. At a Tokyo seminar this week, BoJ governor Haruhiko Kuroda stopped short of signalling policymakers' intentions when they hold the two-day meeting from September 20.
Kuroda, however, left the door open for more stimulus and waved off talk of scaling back on its massive easing policy -- a cornerstone of Prime Minister Shinzo Abe's faltering Abenomics growth bid. "It's difficult to make a definitive move in either direction," Koichi Kurose, Tokyo-based chief market strategist at Resona Bank, told Bloomberg News.
Related Topics
Recent Stories
Selection committee dissolved over Pakistan women cricket team's poor performanc ..
Punjab CM Maryam Nawaz in police uniform at Chung police center
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
Today Gold Rate in Pakistan 25 April 2024
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
Spain PM Sanchez says weighing resignation after wife's graft probe
Tennis: ATP/WTA Madrid Open results - 1st update
Long-lost Klimt portrait auctioned off for 30 mn euros
More Stories From Business
-
EXCHANGE RATES FOR CURRENCY NOTES
1 hour ago -
Foreign exchange rates
2 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
3 hours ago -
Today Gold Rate in Pakistan 25 April 2024
4 hours ago -
Meta profits soar but costs of AI cause worry
4 hours ago -
Mired in crisis, Boeing reports another loss
13 hours ago
-
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
13 hours ago -
British-Pakistani firm unveils $35 million luxury apartments for overseas Pakistanis in Islamabad
13 hours ago -
European stocks lose momentum after global rally
14 hours ago -
New pulses varieties imperative to cater domestic food requirements: Dr Khalid Hasan
15 hours ago -
CEO KP-EZDMC meets CRBC officials
15 hours ago -
Pakistan among nine poor countries that produces 90 percent cigarettes for world
15 hours ago