The Nikkei average temporarily recovered to the 69,000 level, opening more than approximately ¥1,200 higher than the previous day. U.S. PPI showed slower growth than expected, while the yen traded in the mid-¥159 range.
Japanese stocks opened higher for a second consecutive session on the 14th, with the Nikkei average temporarily gaining more than approximately ¥1,200 from the previous day and recovering to the 69,000 level. Movements during trading hours have been reported, with an improvement in investor sentiment indicated.
The U.S. producer price index (PPI) was reported to have shown slower growth than expected, and this has been cited as a factor helping to ease volatility in the Japanese market. The trend in PPI is expected to potentially affect movements in the capital markets going forward.
In the foreign-exchange market, the yen was reported to be trading in the mid-¥159 range. Against a backdrop of yen depreciation and developments in U.S. inflation, the impact on corporate earnings and cost structures is attracting attention.