Share prices in Tokyo rose again this morning, but ended the session well of their highs after the Dow Jones closed flat overnight. The Nikkei 225 index closed up 59.97 points, or 0.66pc, at 9,092.97, off a high of 9,188. Dealers said the Japanese market is continuing to benefit from buying interest by foreign investors seeking good value in Tokyo. They said the upside was capped by selling by domestic institutional investors, who have become wary about the sharpness of the recent rally, which has taken place despite no improvement in the economic environment. The Cabinet Office yesterday downgraded its assessment of the economy for the first time in five months as past growth in exports, capital investment and company profits has waned.
Among the main players in Tokyo, exporters continued to gain on hopes of a recovery in spending by US consumers, with automakers Honda, Toyota and Nissan all closing higher. //www.fxcentre.com