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Tokyo stocks open higher on ECB decision

June 5, 2014

Tokyo stocks opened higher Friday as market sentiment was buoyed by overnight gains on Wall Street following the European Central Bank's decision to introduce further monetary easing.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 4.89 points, or 0.03 percent, from Thursday to 15,084.26. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 3.36 points, or 0.27 percent, to 1,236.11.

The ECB decided to introduce a negative interest rate on bank deposits and cut its key interest rate to a record low. In response, the Dow Jones Industrial Average and the S&P 500 index finished at all-time highs.

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Source: Japan Economic Newswire

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