The Nikkei Share Average ended at a 21-month high on Thursday, led by exporters and financial stocks, as the new Japanese prime minister's vow to battle deflation and a strong currency buoyed investor risk appetite.
The Nikkei advanced 0.9% to 10,322.98, rising for the third consecutive session.The benchmark has advanced 19.2% over the past six weeks, taking the year-to-date increase for the Nikkei to 22.1%, outpacing a 12.9% rise in the US S&P 500 and a 14.7% gain in the pan-European Stoxx Europe 600. It is on track to log its best yearly gain since 2005.
Financials such as insurance stocks rose. Dai-ichi Life Insurance added 2% and T&D Holdings gained 3.9%.
Exporters benefiting from a weaker yen included Toyota, Honda, TDK and Panasonic, all up between 1% and 2.6%.
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