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Japanese stocks for today ( 17/2 ) is closed to rise . The increase in the current market movements triggered by external factors such as the existence of an expectation that Japan's economic growth for the first quarter of this year is expected to touch the level of 2.8 % according to analysis from Bloomberg . While other positive sentiment coming from the U.S. consumer sentiment data for January are still in a position of 81.2 points or beat previous predictions where the data is expected to drop to 80.6 points position .
The Nikkei closed up 0.6 % to 14393.11 basis points . While index futures rose 64 points to 14480 bps with the support level of 14310 points and 14640 points resistant level . The broader Topix index gained 0.7 % to 1192.05 basis points .
Stocks that such increase is stock Honda rose 0.9 % to 3747 yen , Hokkaido Electric Power shares rose 3.8 % to 1026 yen , Kansai Electric Power shares rose 5.6 % to 1115 yen and Daio Paper Corp shares rise 5.5 % to 975 yen .
According to the analysis of the Division of Research in Vibiz Vibiz Consulting , the Japanese stock market is considered quite vulnerable to consolidation with thin weakness in the short term . Moreover, the strengthening of the yen against the dollar is still going on so it can put pressure on stock prices based exporter .
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