Nikkei 225 hits new 33-year high

TOKYO, Jul 03 (NHK) - Tokyo's benchmark Nikkei 225 stock index hit a 33-year high on Monday after positive results from the Bank of Japan's Tankan survey.

The Nikkei Average ended the day at 33,753, up 1.7 percent from Friday's close. That's a level not seen since March 1990.

Many investors bought shares after the latest central bank poll showed business sentiment among Japan's major manufacturers has improved for the first time in seven quarters.

The Nikkei 225's advance followed a rally in New York on Friday. US price rises on the so-called PCE index climbed at a slower pace in May. Investor worries about US inflation also eased somewhat.

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Teachers in Japan Demand Better Pay and Conditions

Education groups in Japan representing 23 organizations issued an urgent statement criticizing a proposal from the Ministry of Finance to gradually raise the 'teaching adjustment allowance' to 10% as part of work reform measures. The proposal was deemed 'unrealistic,' sparking opposition from educators.

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