Nikkei gains in longest rally in 9 months on boost from exporters, banks

Japan’s Nikkei share average closed at a one-month high on Monday, finishing at 28,514.78, up 0.07%, boosted by a weaker yen and gains in automaker and bank stocks. The Topix gained 0.41% to end at 2,026.97. According to Jun Morita of Chibagin Asset Management, despite signs of economic slowdown going forward, the market is “stronger than it should be” due to the weaker yen and the strong performance of US bank shares after they beat earnings expectations.