Home » Business » Positive Growth in Nikkei 225 Index Driven by Toyota’s Electric Car Plans and SoftBank’s AI Negotiations

Positive Growth in Nikkei 225 Index Driven by Toyota’s Electric Car Plans and SoftBank’s AI Negotiations

On the day of trading, the index added as much as 1.8% due to the published plans of Toyota to introduce new technologies for the production of electric cars, as well as information about the negotiations between the management of OpenAI and the Japanese corporation SoftBank regarding the introduction of artificial intelligence into their products.

It is reported that the Nikkei 225 index has been growing for several days in a row due to the positive mood of investors. It, in turn, is caused by information that the Central Bank of Japan will keep low interest rates against the backdrop of low inflation and a revival of economic activity in the country.

What is known about the Nikkei 225 index

The Nikkei 225 is one of Japan’s most important stock indices. It is calculated as the arithmetic average of the stock prices of the 225 most actively traded companies on the Tokyo Stock Exchange.

The index was first published on September 7, 1950 by the Tokyo Stock Exchange. Since 1970, the index has been calculated by the Japanese newspaper Nihon Keizai Shimbun. The list of companies included in the Nikkei 225 rating is reviewed at least once a year, in October.

Aid from Japan to Ukraine

Earlier it became known that Japan stepped up its actions in terms of the public sector to assist Ukraine.

Also earlier, Japanese Foreign Minister Yoshimasa Hayashi said that Tokyo and partner countries should unite and maintain sanctions against the Russian Federation until it stops its aggression against Ukraine.

Let us add that Reuters recently reported that Japan would supply the United States with TNT for shells for Ukraine.

2023-06-13 22:49:20
#Stock #index #Nikkei #Japan #reached #33year #high #reasons #named

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.