Thursday, February 05, 2009

Nikkei Opens Higher On Friday

There is anticipation and positive speculation about the essentials of Obama's stimulus plan. In addition, bankers are happy about a possible accounting rule change "that would stem bank write-downs and spur lending."

Reuters: Nikkei up 2.5 pct on yen and US hopes, Asahi shines
...and on hopes for new developments in U.S. steps to stimulate the economy.

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