Tokyo stocks rebounded Monday with the Nikkei Stock Average soaring 234.04 points, or 2.09%, to end the day at 11,407.87, its highest finish since Feb. 6.
The dollar rose to the lower-94 yen level after the meeting of finance ministers and central bankers from the Group of 20 nations ended Saturday without a clear statement on the yen’s value.
Comments made by Prime Minister Shinzo Abe at the upper house budget committee also helped the greenback rise versus the Japanese currency, prompting investors to buy a broad range of stocks, led by exporters, according to (Nikkei) website.
The benchmark index briefly widened its gains to more than 270 points as investors who sold stock index futures prior to the G-20 meeting moved to buy back stocks.
Trading value on the first section of the Tokyo Stock Exchange totaled about 1.84 trillion yen on a preliminary basis, falling below 2 trillion yen for the first time since Jan. 30.