TOKYO, Jan 14 (KUNA) - Tokyo stocks extended their winning streak for a third consecutive session on Wednesday, with a key index closing at a record high above the 54,000 threshold, the Tokyo Stock Exchange (TSE) said.
The benchmark Nikkei 225 Stock Average gained 792.07 points, or 1.48 percent, from Tuesday to end at 54,341.23, marking an all-time high. The Tokyo Stock Price Index (TOPIX), which includes all shares of the TSE's First Section, also advanced 45.27 points, or 1.26 percent, to a record 3,644.16.
According to public broadcaster NHK, many investors believe that the stimulus policies of Prime Minister Sanae Takaichi will support the Japanese economy and boost investment in growth sectors.
The bullish run comes amid speculation that Takaichi may dissolve the Lower House at the start of the ordinary parliamentary session later this month, the report added. (end) mk.dss