Overview
- Tokyo shares extended gains on Dec. 26 morning, with the Nikkei up 509.14 at the midday close to 50,916.93 and TOPIX setting a new intraday high.
- Currency trading kept the yen in the low ¥156 range per dollar, and investors focused on export-oriented sectors including steel and electronics.
- Wall Street’s Dec. 24 rise on expectations for continued Federal Reserve rate cuts supported risk appetite in Tokyo.
- Yen selling reflected thin holiday liquidity and worries over a fiscal 2026 budget exceeding ¥122 trillion, while Tokyo CPI was seen as not pushing the BoJ toward faster tightening.
- Buying returned to large-cap names such as Fast Retailing and SoftBank Group, adding to the Nikkei’s advance.