A man passes before a share prices board in Tokyo.
A man passes before a share prices board in Tokyo. - 
Listen To The Story

Most exchanges are closed today for the Chistmas holiday, but some markets in Asia were open. In Japan, stocks were up today as newly elected Prime Minister Shinzo Abe takes his post this week. Abe has called for a weaker yen compared to the U.S. dollar.

This has Japan’s export economy feeling optimistic, says Shaun Rein, managing director of the China Market Research Group.

"A lot of Japan's exporters, from Toyota to Sony, have been getting killed because consumers around the world are saying [their] products are too expensive compared to products from Korea like Samsung and LG," he explains.

Stocks were also up in mainland China today. Rein says newly appointed President Xi Jinping’s movement toward a consumer-based economy, as well as his efforts to crack down on corruption, could “spur sustainable growth over the next five to ten year period.”

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow Mark Garrison at @GarrisonMark