Nikkei index nears 11,000

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JapanBrokerage REUTERS A man looks at his watch as he passes an electronic board displaying a graph of currency rates outside a brokerage in Tokyo.

Japan's benchmark Nikkei 225 Stock Average closed Friday at its highest level in two years and nine months after rising nearly 3

per cent as the yen weakened and monetary easing was expected from the Bank of Japan.

The Nikkei jumped 303.66 points, or 2.86 per cent, to 10,913.3.

The broader-based Topix index was up 20.98 points, or 2.36 per cent, to close at 911.44.

The Bank of Japan is to begin a two-day meeting Monday. The government and central bank plan to make a joint statement on fighting deflation, which has plagued the world's third-largest economy for a decade.

Prime Minister Shinzo Abe's new conservative government wants the Bank of Japan to set an inflation target of 2 per cent. - Sapa-dpa


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