Tokyo stocks soared on Friday, hitting record volumes as investors embraced sweeping new Bank of Japan stimulus measures which sent the yen plunging, spelling good news for the key export sector.
Pedestrians walk past an electronic share prices board in Tokyo, on April 5, 2013. In early Friday trade, Tokyo's Nikkei 225 index was up 4.68 percent, or 591.08 points, to 13,225.62, touching intraday levels last seen in August 2008 and the yen weakened further in Asia.
The scope of the BoJ action Thursday -- including doubling the money supply -- took some analysts and investors by surprise, despite expectations of major moves by the bank in its first meeting under new governor Haruhiko Kuroda.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.