Nikkei hits 9-month high as Abe becomes prime minister

Wed Dec 26, 2012 6:12am GMT

TOKYO, Dec 26 (Reuters) - Japan's Nikkei share average
closed at its highest point in nine months on Wednesday after
the yen fell to a 20-month low on expectations of an aggressive
monetary easing stance by the government of new Prime Minister
Shinzo Abe.
    The Nikkei gained 1.5 percent or 150.24 points to
10,230.36, its highest since March 27. The broader Topix 
added 1.2 percent to 847.71.
    Abe was approved as prime minister by the lower house of
parliament just before the market close.
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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.