Tokyo Commodity Exchange (TOCOM) rubber (12985, 350.00, 2.77%) futures prices on Wednesday (November 12) to rise, due to delay in raising the consumption tax dollar against the yen and Japan plans to lead to higher stock prices.
TOCOM rubber futures contract prices in April rose 1.0 yen on Wednesday, reported 201.3 yen / kg, the price of the previous day closing high of 0.4%, due to a weaker yen.
A news media said Wednesday, Japanese Prime Minister Shinzo Abe raised the consumption tax will be delayed due to Japan’s House of Representatives election likely to be held in December, which is also a substantial adjustment Abe came to power two years ago for the first time since the economic policy.
Since Moody’s prime minister, the Indian rubber market is bullish.
Sanya City in the early weeks of the yen against the dollar near the low of seven years of wandering, because of the Japanese House of Representatives election likely to be held in December, investors sold a substantial risk aversion.
As at Beijing at 10:14 am on November 12, Tokyo rubber reported 203.7 yen / kg, up 1.70 percent.
Translated by Google Translator from http://news.cria.org.cn/4/24452.html
