Home Stock & Shares Tokyo stocks close down, Nintendo up on Pokémon launch

Tokyo stocks close down, Nintendo up on Pokémon launch

by Jonathan Adams

Tokyo shares closed lower Friday as worries over a flagged stimulus dented spirits, but Nintendo rose again as the hugely popular Pokemon Go app launched in Japan, its home market.

Trading got off to a weak start as investors bought the yen after an interview was aired in which central bank chief Haruhiko Kuroda ruled out using so-called helicopter money in any fresh economy-boosting measures.

The strategy involves funnelling cash directly into the economy to boost growth, including possibly putting cash straight into people’s bank accounts, rather than the more traditional bond-buying method.

Important
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Related News

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Know more