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Japan's Nikkei surges 2.2%, pushing 33-year highs
04:33
Asia Pacific
Japan's Nikkei surges 2.2%, pushing 33-year highs
The Nikkei in Japan has blown past the 34,000 mark for the first time since March 1990, powered by health technology and consumer services stocks. That's as exporters in the country benefit from a weak yen, and as investors bet on a delay in the Bank of Japan's plans to end its ultra-loose policies. It follows a devastating earthquake in central Japan which killed hundreds of people and caused widespread destruction in the region. Rebuilding and fiscal stimulus efforts in the wake of the disaster are widely expected to offset a potential monetary tightening by the central bank.
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