Nikkei breaks the 29,000 point mark

Stock exchange board in Tokyo on Monday

Investors are eyeing interest rate decisions in the US and Europe this week.

(Photo: AP)

Tokyo The Japanese stock index Nikkei broke through the psychologically important mark of 29,000 points on Monday due to the weak yen. The Bank of Japan (BOJ) left stimulus unchanged on Friday and signaled it was in no rush to normalize ultra-loose monetary policy.

The 225-stock Nikkei Index rose to an eight-month high and was 0.9 percent higher at 29,108 points. The broader Topix index rose 0.9 percent to trade at 2075 after opening the session at 2076, its highest level since September 2021.

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