Tag: seven-year highs

Japanese shares hit seven-year highs on tax-relief hopes

(Reuters) – Japanese stocks scaled seven-year highs on Wednesday on growing expectations Prime Minister Shinzo Abe will postpone a planned sales tax hike to avoid damaging a fragile recovery, and call a snap election to bolster his political standing. Equity markets in the rest of Asia moved little after a flat close in a holiday-thinned Wall Street session, with MSCI’s broadest index of Asia-Pacific shares outside Japan off just 0.1 percent in early trade. Japan’s Nikkei […]