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How Europe is Influencing Japan's Yen

Brendan Brown

Japanese shares rose for a fifth day, sending the Topix index to its best weekly gain since 2009, as the yen’s weakness boosted exporters while financial companies led the advance. Japanese shares have been buoyed this week after Prime Minister Shinzo Abe’s win in the upper-house elections on Sunday raised optimism the government will act to boost growth. Speculation officials are considering so-called helicopter money swirled even amid government denials, as investors await the Bank of Japan’s meeting at the end of this month. The Topix followed global equities this week in recouping losses from Britain’s vote to leave the European Union on June 23.

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