Bank of Japan: On Friday, the key market gauge soared 941.27 points, posting the biggest single-day point gain since Sept. 9, 2015, when it skyrocketed 1,343.43 points, according to The Japan Times. The Topix index of all first-section issues finished up 18.44 points, or 1.34 percent, at 1,392.63, after jumping 72.70 points the previous trading day. The 225-issue Nikkei climbed 152.38 points, or 0.90 percent, to end at 17,110.91, its first finish above 17,000 since Tuesday. Tokyo stocks kicked off the week with gains after European and U.S. equities advanced Friday, backed by higher crude oil prices and expectations for additional monetary easing steps by the European Central Bank, as well as by the Bank of Japan, brokers said. After the initial buying ran its course, the Tokyo market briefly came under profit-taking pressure, pushing down the Nikkei average into negative territory at one point. Investors also took heart from the yen drop, according to brokers.
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Tagged under Bank of Japan, crude oil prices topics.