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Tokyo stocks make slight gains | |
(about 2 hours later) | |
(Close): Major stocks in Japan ended virtually unchanged on Friday with other major exchanges around the world closed for Christmas. | (Close): Major stocks in Japan ended virtually unchanged on Friday with other major exchanges around the world closed for Christmas. |
The Nikkei 225 index in Tokyo closed up 10 points, or 0.06%, at 17,818.96. The broader Topix index rose 6 points, or 0.44%, to 1,427.50. | The Nikkei 225 index in Tokyo closed up 10 points, or 0.06%, at 17,818.96. The broader Topix index rose 6 points, or 0.44%, to 1,427.50. |
It came after fresh data showed that industrial output dropped in November, after two months of rises. | It came after fresh data showed that industrial output dropped in November, after two months of rises. |
And the core inflation rate also continued to slow in November. | And the core inflation rate also continued to slow in November. |
It means the Japanese central bank still has a fight on its hands in order to conquer years of deflation. | It means the Japanese central bank still has a fight on its hands in order to conquer years of deflation. |
In stock market trading Honda fell 1.12% to 3,620 yen after reports that it would probably postpone the January launch of a luxury sedan due to additional safety system checks. | In stock market trading Honda fell 1.12% to 3,620 yen after reports that it would probably postpone the January launch of a luxury sedan due to additional safety system checks. |
Sumitomo Mitsui Financial Group was up 0.68% at 4,435.5 yen after Citigroup said it was selling its Japanese retail banking operations to the Japanese group's trust banking unit. | Sumitomo Mitsui Financial Group was up 0.68% at 4,435.5 yen after Citigroup said it was selling its Japanese retail banking operations to the Japanese group's trust banking unit. |
Later on Friday, government-owned Japan Post said it hoped to list in the second half of the next business year. | Later on Friday, government-owned Japan Post said it hoped to list in the second half of the next business year. |
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