Japan Shares Recoup Brexit Losses on Fresh Stimulus Expectations
- Topix index posts biggest three-day rally since Aug. 28
- Prime Minister Abe ordered compilation of stimulus measures
What Can Japan Do to Boost the Economy?
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Japanese shares extended a rally for a third day to recoup losses from the Brexit vote amid heightened expectations for fresh stimulus.
The Topix index rose 1.1 percent to 1,300.26 at the trading break in Tokyo, its biggest three-day gain since Aug. 28. The measure has now joined global equities to recover from its Brexit selloff. The yen rose 0.5 percent to 104.18 per dollar after the biggest two-day drop since 2014. Prime Minister Shinzo Abe ordered his economy minister to compile stimulus measures this month.