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Tokyo Stocks Rebound After Soft U.S. PPI, Yen Near ¥147

Fiscal‑expansion hopes following Shigeru Ishiba’s resignation underpin the rally.

Overview

  • Japan’s Nikkei ended Sept. 10 at 43,837.67, up 378.38, rebounding after a Sept. 9 session that briefly topped 44,000 intraday before profit‑taking.
  • The dollar traded around ¥147.32–¥147.36 late Sept. 10–11 JST, steady after earlier weakness had pushed the pair into the mid‑148s on Sept. 8.
  • The U.S. Labor Department’s benchmark revision cut nonfarm payrolls by 911,000 for the year through March 2025, helping drive the Dow to a record 45,711.34 on Sept. 9.
  • U.S. producer prices rose 2.6% year over year in August, below forecasts, reinforcing expectations for near‑term Federal Reserve rate cuts and supporting risk assets.
  • Gold futures closed at $3,682.20 for December delivery and briefly topped $3,700, extending record highs on rising rate‑cut bets and safe‑haven demand.