Japan’s Nikkei Posts Best Back-to-Back Quarter Since 1972

By Anna Kitanaka

Japan’s Nikkei 225 Stock Average (NKY) rose today, capping its best back-to-back quarterly performance since 1972, on optimism policy makers will stimulate the economy and as U.S. data boosted optimism about global growth.

The Nikkei 225 rose 0.5 percent to 12,397.91 at the close of trading in Tokyo. The measure closed 19 percent higher this quarter, extending the 17 percent increase in the previous quarter. That’s the best two-quarter performance since December 1972, when the measure rose 37 percent. 

To contact the reporter on this story: Anna Kitanaka in Tokyo atakitanaka@bloomberg.net

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