Nikkei edges up again

<p>The Nikkei has reached a new eight-week closing high.</p>

The Nikkei has added to its value slightly again today (July 17th) and closed the day's trading at its highest point for the last eight weeks.

After it set new five-and-a-half year highs in May, the index dropped over fears the US Federal Reserve could bring its quantitative easing scheme to an end next year.

But after officials moved to ease these concerns, the Nikkei has bounced back and the index was up by 0.1 per cent today, its highest closing figure since May 22nd, reports Reuters.

The Nikkei was also up yesterday and with the index having been closed for a Japanese public holiday on Monday, it has been a good week so far for the stocks.

It was also a positive day for the broader Topix index, which added 0.2 per cent to its value during the trading session to close the day at 1,213.24.

Although the Nikkei rose today, its growth slowed after it recorded a 0.6 per cent jump yesterday.

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