Nikkei hits highest closing level in 6 years as yen tumbles

Yen tumbles on speculation the Bank of Japan is looking to add to its massive stimulus efforts

Japan's Nikkei share average rose to its highest close in six years on Tuesday as a slide in the yen on the back of speculation of further monetary easing from the Bank of Japan triggered buying in a wide range of large cap stocks.

The Nikkei ended 0.6% higher at 15,749.66, its highest close since December 12, 2007.

The broader Topix index gained 0.3% to 1,262.54, with 2.69 billion shares changing hands, hitting a more than one-week high.

The dollar hit a six-month high of 103.38 yen, also bolstered by data showing the US Institute for Supply Management's index of national factory activity rose in November to its best showing since April 2011.