Nikkei hits highest close in nearly 5 years as yen softens after G20

The Nikkei average climbed 1.9 per cent to its highest close in almost five years on Monday, as the yen weakened after the Group of 20 leading economies stopped short of criticising Japan’s expansionary monetary policies.

Major exporters charged higher as the dollar firmed against the yen to within a whisker of 100 after the G20 simply said in a communique after a two-day meeting it would be “mindful” of possible side effects from extended periods of monetary stimulus.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1220625/nikkei-hits-highest-close-nearly-5-years-yen-softens