Japan Nikkei Stock Index Closes at Highest Level Since 2008

by Colonel on February 6, 2013

“Tokyo’s benchmark Nikkei 225 index on Wednesday soared to its highest close since September 2008, when the global financial crisis was rippling across global equity markets.

The Nikkei jumped 3.77 per cent, or 416.83 points, to 11,463.75 on a spike in risk sentiment and as the yen plunged on surprise news that the head of the Bank of Japan would quit early.

Bank of Japan (BoJ) Governor Masaaki Shirakawa on Tuesday said he would step down about three weeks before his five-year term is due to end on April 8, after the BoJ and Japan’s new government butted heads on policy matters.

The BoJ head said he had told the prime minister he will resign on March 19, when the terms for two deputy governors expire, so that his successor and the rest of the bank’s new leadership could be sworn in at the same time.

” — Copyright 2013 Times Internet Ltd

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