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Japanese stocks rally on weak yen as Asia markets elsewhere are closed for Christmas

Canadian Press, The Canadian Press
0 Comments| December 24, 2012

BANGKOK - Japan's benchmark stock index jumped Tuesday as a softening yen helped boost the country's powerhouse export sector. The Nikkei 225 index in Tokyo rallied 1.2 per cent to 10,055.35, with export shares leading the way.

The dollar traded at a 20-month high of 84.95 yen overnight in New York after incoming Prime Minister Shinzo Abe turned up the pressure on the Bank of Japan to adopt a 2 per cent inflation target. On Monday in Asia, the dollar stood at 84.80 yen.

© The Canadian Press, 2005

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