Tokyo stocks end 2.4% higher


The dollar's gains against the yen also helped boost the market. "The dollar's recovery to the 102 yen mark is a critical factor to the bargain-buying we're seeing today," Investrust CEO Hiroyuki Fukunaga told Dow Jones Newswires. "But more meaningful gains will depend on favourable reception of the government's economic growth plan and, of course, a sharp increase in the GPIF's (Government Pension Investment Fund) allocation to domestic stocks, which will almost certainly carry a positive 'fallout effect' on other investors," he added.

Read more here: Business Spectator


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