【Fuji-Tomi】Tokyo Stock Exchange edges higher after key event passing

The Nikkei 225 stock average rebounded for the first time in three trading days, ending at 19,590.14 yen, up 12.76 yen (0.07%) from the previous day. The yen’s rise after the Fed's FOMC meeting weighed on the market, but gains were supported by purchases from overseas players and signals of ETF buying by the Bank of Japan in the afternoon. Additionally, the ruling Liberal Democratic Party is expected to maintain its lead in the Dutch House of Representatives election, alleviating investors' caution. The Bank of Japan decided at the policy meeting on the 15th–16th to maintain the monetary easing policy with yield curve control and assets purchases, implemented last September, in line with market expectations. The projected annual increase in holdings of long-term government bonds was also kept at around 80 trillion yen. Market reaction was limited.

The TOPIX also rose for the first time in three trading days, closing at 1,572.69, up 1.38 points (0.09%). The turnover on the TSE主名 First Section was 2.159 trillion yen, with a trading volume of 1.79651 billion shares. The number of advancing issues on the First Section was 1,235, declining 630, with 139 unchanged.

Among the 33 sectors of the First Section, 26 sectors advanced, including marine transportation, nonferrous metals, mining, machinery, petroleum and coal products, pulp and paper, metal products, and steel; seven sectors, including insurance, banking, foods, pharmaceuticals, and transportation equipment, declined.

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