Japanese shares climbed on easing speculation

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Source: Dukascopy Bank SA
Japanese equities extended previous gains on Monday, with Nikkei 225 rising 0.80% to 8,635.44. Speculation that the ECB and the Fed will ease their monetary policies in view of deteriorating economic situation boosted Japan's stocks. However, an unexpected decline in June's industrial production and continuous appreciation of the Yen capped the upswing. Consumer goods producers, Takara Holdings and Kirin Holdings, surged 7.69% and 0.23%. At the same time, Canon fell 0.6%, prolonging previous slump on disappointing quarterly results. Fijitsu was the top-loser after posting a JPY25 billion operating loss in Q2. Nippon Steel retreated 4.4% as the company expects a net loss for the six months ending in September.

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