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Market Update: Japanese Shares Open Higher
The NIKKEI 225 added 66.28 points or 0.23% to 29084.61 on Friday, partially retracing losses of 0.93% in the previous session as market participants were optimistic as the Japanese government decided Thursday to end the COVID-19 state of emergency covering Tokyo, Hokkaido, Osaka and six other prefectures Sunday, while keeping Okinawa under the measure for three more weeks. US Federal Reserve set a more hawkish tone and brought forward the time frame on when it will hike interest rates. Among data, Japan’s core consumer prices rose 0.1% in May from a year earlier, in line with expectations, while earlier this week, the Reuters Tankan index rose 1 point from the previous month to 22 in June, the highest level in more than two years, as strong global demand helped the country’s gradual recovery from the coronavirus pandemic. [/s2If]
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