LOC11:11
08:11 GMT
TOKYO, Feb 6 (KUNA) -- Tokyo stocks jumped Wednesday, with a key index
ending at a post-2008 financial crisis high on the yen's depreciation
following news of Bank of Japan Governor Masaaki Shirakawa's early resignation.
The benchmark Nikkei 225 Stock Average on the Tokyo Stock Exchange (TSE)
advanced 416.83 points, or 3.77 percent, from Tuesday to 11,463.75, the
highest finish since September 29, 2008, a weeks after Lehman Brothers'
collapse.
The broader Tokyo Stock Price Index, which includes all First Section
issues on the TSE, gained 29.12 points, or 3.10 percent, to 968.82, with all
33 subindexes ending in positive territory.
A weaker yen against the US dollar benefited exporter shares, including
automakers, as it improve Japanese exporters' overseas profits when
repatriated.
The yen tumbled after Shirakawa made the unexpected announcement late
Tuesday that he will leave his post on March 19 with his two deputies, ahead
of the April 8 end of his term.
The decision prompted expectations about more aggressive monetary easing by
his successor.
At 4:40 p.m. (0740 GMT), the US dollar traded at JPY 93.68-72 against JPY 93.
59-69 in New York and JPY 92.19-20 in Tokyo at 5 p.m. Tuesday. (end)
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