Japanese Shares Regain Momentum Driven by Positive Domestic Economic Data
Japanese shares recovered after a weak opening to close with gains on Friday, driven by positive domestic economic data, and cues from Wall Street.The Nikkei 225 closed lower by 1,010.92 points or 1.47% to 69,744.07.Business activity across Japan's private sector expanded in June, with the final au Jibun Bank Japan Composite Purchasing Managers' Index, compiled by S&P Global, coming in at 52.8, compared with the 51.1 recorded in the previous month, according to data released on Friday.The manufacturing PMI rose to 54.8 from 54.5, while the services PMI edged up to 52.2 from 50.0.Also, foreign capital inflows into Japan increased sharply during the first half of 2026, with investors funneling a net 9.7 trillion yen in Japanese stocks during the period, Nikkei Asia reported Friday, citing Tokyo Stock Exchange data.The net inflows were about quadruple that of the first half of 2025, and around double the 5.4 trillion yen total for all of 2025.On the corporate side, Sakai Moving Service's (TYO:9039) sales edged up 0.9% year over year to 7.47 billion yen in June, according to a Friday filing on the Tokyo Stock Exchange.Also, System Support's (TYO:4396) consolidated subsidiary, eNet Solutions, has completed the acquisition of shares in MIS on Wednesday, making it a second-tier subsidiary of the group with a 99.3% shareholding.
