Japan Stocks soar on weaker yen, hopes for tax hike delay

The Japan share market climbed up on Wednesday, 25 May 2016, following strong rally on Wall Street overnight and yen weakness against the greenback. Investors also took heart from higher crude oil futures prices and hopes that Japan's scheduled sales tax hike next year will be delayed. However, the market's topside was capped amid a wait-and-see mood ahead of a two-day Group of Seven summit that will start in Ise-Shima, Mie Prefecture, on Thursday. The 225-issue Nikkei average climbed up 258.59 points, or 1.57%, to close at 16,757.35. The Topix index of all first-section issues ended up 16.38 points, or 1.23%, at 1,342.88. Rising issues outnumbered falling ones 1,333 to 474 in the TSE's first section, while 146 issues were unchanged.

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