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Japanese Stocks Likely to Face Downward Pressure Next Week

Japanese Stocks Likely to Face Downward Pressure Next Week

   Tokyo, May 2 (Jiji Press)--Japanese stocks are expected to face downward pressure next week after their recent rises, but their downside is likely to be supported by a weaker yen, brokers and analysts said.
   This week, the benchmark Nikkei 225 stock index gained 1,124.95 points, or 3.15 pct, to 36,830.69, backed by hopes for de-escalation in the U.S.-China trade war as well as a reduction in the Bank of Japan's inflation outlook that sent the yen lower against the dollar.

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AFP-JIJI PRESS NEWS JOURNAL


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