Japan's Topix Swings Ahead of Two-Day BOJ Policy Meeting
Stock Chart for Bank of Japan/The (8301)
Toilet-maker Toto Ltd. sank the most on the Nikkei 225 Stock Average today after Credit Suisse Group AG cut its rating on the shares. Tosei Corp. dropped 3.9 percent after the developer said it will sell shares overseas. Aeon Co. (8267) gained 2.8 percent after the retailer reported a 9.8 percent gain in operating profit. Dream Vision Co., which operates Internet shopping sites, was poised to gain on its trading debut today.
The Topix was little changed at 1,196.90 as of 9:17 a.m. in Tokyo. The gauge yesterday rose to its highest since May 22. The Nikkei 225 Stock Average fell 0.2 percent to 14,443.24.
The Topix (TPX) gained 4.8 percent last week, bringing its increase over three weeks to more than 12 percent, the most since April 2009. After plunging as much as 18 percent from a May 22 high, the gauge has rebounded amid optimism Prime Minister Shinzo Abe will push through economic reforms after elections on July 21.
To contact the reporter on this story: Anna Kitanaka in Tokyo at email@example.com
To contact the editor responsible for this story: Nick Gentle at firstname.lastname@example.org