Nikkei index ends at record high on proposed new BOJ policymakers

The Nikkei stock index ended at a record high above 58,000 on Wednesday, as speculation about further interest rate hikes by the Bank of Japan receded after the government's nomination of two new BOJ policymakers.The U.S. dollar briefly rose above the 156 yen line in Tokyo after the government submitted to parliament its nominations of university professors Toichiro Asada and Ayano Sato as new members of the central bank's policy board.The market sees the two as proponents of a reflationary policy that pursues monetary easing. The U.S. currency later retreated to the mid-155 yen range due t…READ FULL ARTICLE