Yen falls as Japan forms new government, supporting Nikkei
TOKYO (Reuters) – Expectations that Japan’s incoming prime minister will pursue drastic stimulus policies to drive the country’s economy out of deflation helped weaken the yen and underpinned the Nikkei on Wednesday, while Asian shares were capped in thin holiday trade. Singapore , Malaysia , Indonesia , the Philippines and South Korea were closed on Tuesday for the Christmas holiday, reopening on Wednesday. Hong Kong and Australia remain closed on Wednesday. MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0. 1 percent, after rising 0. . . .
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