TOKYO -- Japan's benchmark index closed Wednesday trading at a record high for the second straight day, tracking Wall Street's gains after U.S. inflation data fueled investor expectations for a rate cut in September.
Japanese stocks track US, climbing on expectations of Fed rate cut

Japan's stock market rally is bolstered by investor hopes for strong corporate earnings on the back of a trade deal between the U.S. and Japan. (Photo by Seiko Ota)
TOKYO -- Japan's benchmark index closed Wednesday trading at a record high for the second straight day, tracking Wall Street's gains after U.S. inflation data fueled investor expectations for a rate cut in September.