Japanese Stocks Saw The Highest Closing Since September 2008

As of February 6, Nikkei 225 Index rose 3.77%, reaching 11,463.0 levels which is the highest closing level since September 2008. The following news led the gains: 1) Toyota Corp. increased its profit forecast for full-year after reporting its quarterly earnings report; 2) Bank of Japan (BoJ)Governor Masaaki Shirakawa said that he decided early departure from BoJ.

In addition, Shangai Composite Index and Hang Seng Index in Hong Kong slightly rose by 0.06% and 0.47%, respectively, resulted from the better-than-estimated U.S. and Europe economic data. Also, financial and technology shares led the gains.