Asian Stock Market: Nikkei225 stands out on development over BOJ’s novel leadership, oil recovers

was highly expected as uncertainty for the Bank of Japan ’s first monetary policy of CY2023 is soaring. Investors are keenly waiting for a commentary on the expression of exit from decade-long ultra-loose monetary policy. However, headlines from Reuters that the New BOJ governor nominee is likely to be presented to parliament on Feb 10 have infused fresh blood into the Japanese stocks. Career c.

Apart from that, annual Industrial Production has been reported stronger than anticipated at 1.3% vs. the expectations of 0.5% but lower than the former release of 2.2%. The annual Retail Sales have contracted lower than expected by 1.8% against the estimate of -7.8%.front, oil prices have recovered dramatically from $79.00 as reopening reforms in China will produce sheer liquidity, which is expected to trigger a rally in commodities ahead.

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