Japan stocks on hot streak as market prices in 10% profit growth

Investors expect rosy projections during April-May earnings releases

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The Nikkei Stock Average marked another record-high close Friday. (Photo by Tomoki Mera)

KENTA SHINOZAKI and KOSUKE OKAMOTO, Nikkei staff writers

TOKYO -- The Nikkei Stock Average set another record high Friday on a four-day winning streak, fueled by analysts' projections for a 10% jump in net profit for fiscal 2024.

The benchmark index closed up 72 points at 40,888 after topping 41,000 earlier in the day, as investors look to full-year results and projections by companies that close their books in March.

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