Tokyo hits six year high
Asia stocks rise, as Japanese Nikkei closed at a six-year high, which was 0.1% higher, a level last reached in December. As Retail Investor and mutual funds are in the market selling Japanese equities to the end of year tax exemptions on investments. Adding to that, Japan would be doubling the tax rates from 10% to 20% on capital Gains and Dividends.
As the Bank of Japan has published its economic report where it mentions that Japan’s economy would likely continue at a moderate recovery but does have risk from market uncertainty.
What does the 2014 hold for you ?
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