Japanese Stocks got Temporary Boost on Rumors of Tax Rate Hike Delay

Shares in Asia are boosted by speculations that tax rate hike in Japan might be delayed by 2 years. Adding to a +1.3% gain on Monday, the Nikkei 225 index strengthened further to a 5-week high of 1 7152, up +0.5%, at the time of writing this report. Yet, the sentiment might cool down as Abe is going to hold a press conference on June 1 to clarify the issue.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/japanese-stocks-got-temporary-boost-on-rumors-of-tax-rate-hike-delay-2016053133012/