Tokyo stocks close up 1.28pc, Nikkei 225 index closed up 133.88 points
News On Japan via brecorder.com -- Jan 24

The benchmark Nikkei 225 index closed up 133.88 points to 10,620.87, while the broader Topix index of all first-section shares was up 1.11 percent, or 9.83 points, at 897.62.

Tokyo reported a record $78 billion trade deficit for 2012 as exports were hit by weak demand in debt-hit Europe and a bitter diplomatic spat with its biggest trade partner China, which sparked a consumer boycott.

The gloomy numbers spell more bad news for the world's third-largest economy, as it struggles to cement a recovery after the 2011 quake-tsunami disasters and subsequent nuclear crisis at Fukushima.

They also underscore the size of the task ahead for the new government of Prime Minister Shinzo Abe who campaigned on a pledge to turn around Japan's fortunes with big public spending and by pressuring the Bank of Japan for more aggressive monetary policy.

Source: brecorder.com



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