* Nikkei 225 Stock Average: +123.18 (+0.7%) to 17,680.05
* Nikkei 225 futures Osaka: +130 (+0.7%) to 17,690
* TOPIX 1st Section: +20.87 (+1.2%) to 1,731.54; Advancers 1,239 x decliners 386 (106 unchanged)
* JASDAQ: +1.40 (+1.8%) to 79.36
Sony (JP: 6758) (SNE) at five-year high; bank stocks rally ahead of mega banks’ Mitsubishi UFJ and Mizuho FG earnings.
The following excerpt is from a daily WSJ alert:
OUTWARD FLOWS: As U.S. investors chase profits overseas, there may be an unintended consequence: pressure on the American dollar. Attracted by strong stock-market performance away from home, individuals and institutions in the U.S. are pouring cash into foreign stocks and bonds. In recent months, as Joanna Slater reports, flows into those investments have reached record levels. Meanwhile, U.S. economic growth has hit its slowest pace in four years, and only brisk consumer spending has kept it from falling further. (emphasis added)
Read the related Wall Street Journal article (click)
