Japan retail fund value rises to $650 bln in August

Reuters – The value of Japanese retail- targeted mutual funds rose for the seventh consecutive month to $650 billion in August due to strong inflows into stock and bond funds, an industry body said on Friday.

Gains in share prices, with the benchmark Nikkei share average .N225 advancing 1.3 percent in August, helped push up the overall value, but the strength of the yen limited the climb.

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