Sina US Stock News reported on the 20th, Beijing time, that the Nikkei 225 Index closed up 0.04% to 21458.00 points; rising for the 14th day in a row, tying the record for the longest rally in history. The Eastern Stock Index rose on the 10th day, the longest increase since 12 days of continuous gains up to November 28 last year.
The yen fell 0.6% against the US dollar to 113.18 yen. The US Senate passed the draft budget for fiscal year 2018 to encourage the dollar to rise. The passage of the budget bill will help the Republican Party push forward tax cuts without the support of the Democratic Party.
The US Republican-controlled Senate passed the budget by 51 votes to 49. According to the bill, the federal deficit may increase by up to 1.5 trillion (trillion) dollars over the next 10 years to finance the tax cuts proposed by the Republican Party.