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Nikkei soars as Tokyo to host 2020 Olympics

  • The Nikkei is ahead 2.2% following Tokyo's winning bid for the 2020 Summer Olympics.  The news however, will likely boost PM Shinzo Abe's popularity along with the chance of his sales tax increase being implemented next April.
  • The government also raised its estimate of Q2 GDP growth to +3.8% from +2.6% previously. Consensus forecasts called for a 3.9% increase.
  • The yen slips half of a percent, with the dollar now buying ¥99.64.
  • ETFs: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS, JGBT, JGBL, JGBS, JGBD, FXY, YCL, YCS, JYN.
Comments (3)
  • justaminute
    , contributor
    Comments (581) | Send Message
     
    The market soars for an event 7 years away?
    8 Sep 2013, 10:09 PM Reply Like
  • moreofthesame
    , contributor
    Comments (743) | Send Message
     
    I hope its going to make them clean up Fukoshima finally for good!
    9 Sep 2013, 12:15 AM Reply Like
  • positivethoughts
    , contributor
    Comments (1769) | Send Message
     
    They are going to spend twice the money on retrofitting the Olympic Stadium as they are to fix the nuclear leak - PRIORITIES!
    9 Sep 2013, 08:22 AM Reply Like
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