Tokyo stocks soared 2.86 per cent on Friday to a 33-month high, boosted by a weaker yen, upbeat Chinese economic data and solid gains on Wall Street.
The benchmark Nikkei 225 index closed up 303.66 points at 10,913.30, its highest since April 2010, while the broader Topix index of all first-section shares was up 2.36 per cent, or 20.98 points, at 911.44.
Markets benefited from a steep fall in the yen sparked by reports that the Bank of Japan will announce fresh monetary easing at its two-day policy board meeting next week.
BoJ governor Masaaki Shirakawa met Finance Minister Taro Aso and economic revitalisation minister Akira Amari on Friday over a possible accord on setting a two per cent inflation target to beat the deflation that has haunted the economy for years.
This Monday, members of the seminal metal band X Japan were in Odaiba rubbing shoulders with the likes of Brad Pitt, Lady Gaga and AKB48′s Yuko Oshima. The catch? They were all made out of wax. (Japan Times )
The parents of a nightclub worker killed in an arson fire three years ago filed a suit in the Nagoya District Court on Monday seeking damages against top members of the Yamaguchi-gumi organized crime group. (Tokyo Reporter )
Kyodo News said Monday that it has dismissed Satoshi Kondo, 51, deputy chief of its general administration bureau and former personnel affairs division chief, for meeting individually with a female student searching for a job and doing an inappropriate act.
(Jiji Press )