Nikkei hits new one-month high

<p>The Nikkei has got the new week off to a good start.</p>

The Nikkei has started the new week strongly by recording a rise in its value of 2.5 per cent in today's (September 9th) trading session.

After a strong week to kick off September last week, the index has continued to go from strength to strength and is at a new one-month high.

According to a report by Reuters, investors flocked to the index on the back of the announcement that Tokyo is set to host the Olympic Games in 2020.

The decision was made over the weekend, with the Japanese city beating competition from the Spanish capital Madrid and Istanbul in Turkey.

Japan's economy is set to get a boost from the country's hosting of the Olympics, with the construction sector particularly expected to see growth as a result of the Games.

The Nikkei lost 1.5 per cent on Friday, but was still able to record 3.5 per cent growth for the first week of September as a whole.

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