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Japan's Nikkei posts biggest point gain on record for fiscal year
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Japan's Nikkei posts biggest point gain on record for fiscal year
Mar 28, 2024 11:26 PM

TOKYO, March 29 (Reuters) - Japan's Nikkei share average

logged the biggest rise ever on an absolute basis for the fiscal

year ended on Friday, rallying 12,328 points.

The index hit successive record highs this quarter, after

breaking levels on Feb. 22 that were last seen in 1989 during

the nation's bubble economy.

The rally was supported by better corporate governance,

foreign buying on a weaker yen and expectations that the Bank of

Japan will stick with loose monetary policy.

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