The Japanese "Nikkei" index rose to its highest level today, Monday, exceeding 29,000 points after the Bank of Japan continued its accommodative monetary policy, which pushed the yen to its lowest level in nearly two months. The Nikkei index increased by 0.92% to close at 29,123.18 points after rising to 29,145.89 earlier. The broader "Topix" index closed up 1% at 2,078.06 points, finishing the session near the day's peak at 2,078.37 points. The yen fell close to 137 to the dollar, continuing its losses that began on Friday.
The railway and airline sectors were the best performers among the 33 industrial sectors on the Tokyo Stock Exchange, with each rising by about 2%. Automotive companies' shares increased by more than 1% amid a rise in overseas sales value. NEC Corporation's shares surged by more than 14% after strong earnings, leading the gains of the Nikkei index.
