TOKYO, Jan 18 Japan's Nikkei share average rose
more than 2 percent on Friday as exporters gained after a fall
in the yen on expectations that the central bank will ease
monetary policy aggressively next week.
The Nikkei rose 2.2 percent to 10,842.62. If it ends
above Tuesday's 10,879.08, it will be the highest close in 32
Citing sources familiar with the central bank's thinking,
Reuters reported on Thursday that the BoJ next week will
consider removing the 0.1 percent floor on short-term interest
rates and commit to open-ended asset buying until the 2 percent
inflation target is reached.
The Nikkei has rallied about 25 percent over the past two
months, when Prime Minister Shinzo Abe started calling for
further easing, causing the yen to weaken.
On Thursday, the yen fell to a more than 2-1/2-year low of
90.14 yen to the dollar.
"Foreign investors are becoming increasingly eager to add
more Japanese stocks," said Tetsuro Ii, the chief executive of
Commons Asset Management.
"Abe has been successful in lifting investor sentiment. A
good result must be delivered, and we still don't know about
that, but the fact that he boosted investors' risk appetites is
The central bank's policy meeting is scheduled on Jan.
Topix added 1.9 percent to 907.01.