The Nikkei stock index reached a new all-time high, surpassing 41,000, marking a significant milestone in Japan's financial markets. This surge came shortly after the Bank of Japan (BOJ) ended its Yield Curve Control (YCC) policy, a move that has evidently had a profound impact on the market. The index not only hit an intraday all-time high but also closed at a record level, with a notable 2% rise in a single session. This financial achievement coincides with Japan's inflation acceleration in February, where consumer prices excluding fresh food rose by 2.8% year-over-year, up from 2% in January. The yen also rebounded as the Federal Reserve's policy appeared more dovish compared to the BOJ's recent shift.
Nikkei 225 crosses 41,000 as #Japan inflation accelerates in February. Consumer prices excl fresh food rose 2.8% in Feb YoY, w/the pace speeding up from 2% in Jan. https://t.co/S1YrpEGy5M
⚠️ JUST IN: *JAPAN'S NIKKEI 225 JUMPS 2% TO CLOSE AT A NEW RECORD HIGH NEAR 41,000 🇯🇵🇯🇵 https://t.co/QOz3PrNomS
Japan Shares Scale Record High, Yen Rebounds as Fed Out-Doves BOJ https://t.co/H0yVFwJ0Au
Japan's Nikkei average closes at all-time high after BOJ policy shift https://t.co/tPeFlc4ZYr
Nikkei stock index ends at fresh record high https://t.co/HqsmdsBwn5
BREAKING: Japan's Nikkei average closes at all-time high after BOJ policy shift. https://t.co/oBPzTm0VHy
Nikkei stock index rises 2%, hits new intraday record high https://t.co/AzAIu0iWh4
Japan's benchmark Nikkei Stock Average hit an all-time intraday high on Thursday. https://t.co/rutwJNeZQT
Nikkei stock index hits new intraday all-time high https://t.co/EiNAOgG82u
Nikkei making a new high the second session after BOJ ended YCC. You can't make this stuff up.