Tokyo shares opened higher Monday as investors cheered the yen's slide with their eyes on the Bank of Japan's possible upcoming interest rate hike.
The dollar stood at 149.22 yen, rebounding from 149.08 yen seen Friday in New York and 148.47 yen in Tokyo. Gains of large cap shares were driving up the Nikkei index on Monday, Nomura Securities said, adding that “shares are rising across the board”. On a beautiful Saturday zzzmorning, I find myself strolling down the aisle of the grocery store in my neighborhood and as I approach the section dedicated to cooking oils, I am greeted by an array of options.
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