Japan’s Nikkei share
average climbed to its highest level in nearly five years on Wednesday on
robust US company earnings and as the yen resumed its downward slide towards
100 to the dollar.
The benchmark Nikkei has surged 58 percent and the yen has
weakened 24 percent versus the dollar since mid-November, when Shinzo Abe, who
became prime minister in December, promised bold monetary and fiscal
expansionary policies during his election campaign.
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