Nikkei extends gain on sign of next round of stimulus

Japanese share market ended higher for fourth straight session after recouping early losses on Monday, 10 August 2015, thanks to statement from the Bank of Japan Governor Haruhiko Kuroda that government would implement another round of stimulus if inflation remains low. Risk sentiments received further boost from official data indicating the nation's current account surplus in June was 558.6 billion yen compared with a 363.9 billion yen deficit last year. Total of 25 out of 33 TSE sectors advanced, with Textiles & Apparels, Pulp & Paper, Information & Communication, Land Transportation, Air Transportation, and Pharmaceutical stocks being top gainers. The Nikkei Stock Average advanced 84.13 points, or 0.41%, to end at 207808.69 points. The broader Topix index ended 12.10 points, or 0.72%, higher at 1691.29 points.

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