Japan Market zooms on massive stimulus

The Japan share market closed sharp higher on Wednesday, 27 July 2016, as bargain buying spurred on yen's depreciation against the U.S. dollar and Japanese Prime Minister Shinzo Abe plan announcement on Wednesday for more than 28 trillion yen ($265 billion) in economic stimulus in an effort to prop up the nation's economy. The plan will include 13 trillion yen in fiscal measures. The majority of industry categories on the main section had inclined into positive territory, with chemical, transport equipment, nonferrous metal, glass & ceramics, and rubber products and metal products stocks comprising notable gainers. The 225-issue Nikkei Stock Average rose 281.78 points, or 1.72%, to 16,664.82. The broader Topix ndex of all First Section issues on the Tokyo Stock Exchange finished 14.73 points, or 1.13%, up at 1,321.67.

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