The yen hit a one-month low around the mid-132 yen range against the U.S. dollar on Monday after a report over the next Bank of Japan chief fueled speculation about continued monetary easing in the country.
The Nikkei index finished at around a two-month high, lifted by exporters on the weaker yen following the report saying the government has approached BOJ deputy chief Masayoshi Amamiya as a possible successor to the central bank governor.
The 225-issue Nikkei Stock Average ended up 184.19 points, or 0.67 percent, from Friday at 27,693.65, the highest since Dec. 15 . The broader Topix index finished 8.96 points, or 0.45 percent, higher at 1,979.22.
Gainers included wholesale trade, mining, and marine transportation shares.Read more: Yen hits 1-month low vs. dollar on report over new BOJ governor [Japan Economic News]
This article does not constitute investment advice or a personal recommendation. You should not make any investment decisions without first conducting your own research and considering your own financial situation.
Past performance is not a reliable indicator of future results.
Narrations are not endorsements.