Nikkei nears four-year high as Japan escapes G20 criticism
Reuters -- Feb 18
Japan's Nikkei share average jumped 2.1 percent on Monday, led by banks and exporters as the yen softened after Japan escaped direct criticism of its aggressive monetary easing at the weekend's G20 meeting.
The Nikkei added 234.04 points to 11,407.87, close to the 4-year high of 11,498.42 it struck on February 6.
A statement issued by Group of 20 policymakers did not single out Japan, though it said members should refrain from competitive devaluations and that monetary policy should be directed only at price stability and growth.
Investors took the G20's statement as a signal to continue the one-way bets against the yen that paused last week before the meeting. On Monday, the yen was trading at 94.15 to the dollar just above a 33-month low of 94.465 struck one week earlier.
Yoko Ono says her own bitter experience in Japan during World War II inspired her to support WhyHunger's "Imagine There's No Hunger" campaign to fight childhood hunger around the world. (abcnews.go.com )
Japanese police arrested former sumo ozeki Kotomitsuki on Wednesday on suspicion of violating the immigration law by employing foreigners illegally at a barbecue restaurant he runs in Nagoya, central Japan. (Jiji Press )
A thousand days have passed since the Great East Japan Earthquake struck. However, only 1.2 percent of the planned land development for collective relocation of disaster-affected communities and construction of publicly operated housing have materialized, according to a survey conducted by The Yomiuri Shimbun. (Yomiuri )
There is a fairly well-documented sex doll subculture in Japan, and one of its leading manufacturers is Orient Industry. Gaga and Universal Music Group's Japanese branch recruited the company to make replicas of the pop star. (businessinsider.com.au )
A 28-year-old Japanese woman was aboard a commuter train that crashed after derailing in the Bronx borough of New York on Sunday morning, the Japanese consulate-general in the city said Monday. (Jiji Press )