Japan’s Nikkei jumps on Abe’s stimulus package

By , on January 11th, 2013

<!– google_ad_section_start –> BANGKOK (AP) — Japan’s Nikkei stock index jumped Friday after Prime Minister Shinzo Abe announced a massive spending package intended to breathe life into the country’s moribund economy. But other Asian benchmarks fell after the U.S. reported higher-than-expected jobless claims. The Nikkei 225 in Tokyo gained 1.4 percent to 10,801.45 following Abe’s announcement of an anti-recession stimulus package of more than 20 trillion yen ($224 billion) that is intended to add 2 percent to Japan’s real growth. <!– google_ad_section_end –>

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Japan’s Nikkei jumps on Abe’s stimulus package