Japan’s Nikkei ends at 33-year high as BOJ’s tankan survey signals recovery

Japan’s Nikkei share average reached a 33-year high, driven by machinery makers and a positive quarterly survey from the central bank indicating a recovery in corporate activities. The index closed at 33,753.33, its highest since March 1990. The broader Topix also rose by 1.41%. Factors contributing to the market’s growth include a strong US stock market, a slowdown in inflation, and positive sentiment from the Bank of Japan’s survey. Machinery makers and chip-related shares were among the top performers, while department store operators saw a decline in stock value.