Japan Stocks rise on policy stimulus and delay in sales tax hike hopes

The Japan share market ended higher on Friday, 27 May 2016, helped by hopes for economy-boosting policy measures following a joint statement from leaders of the Group of Seven major industrial countries. Meanwhile, buying momentum received further boost from renewed hopes of extra central bank stimulus measures after official figures showed Core consumer monthly prices falling and press reports that the government would delay a sales tax hike. But gains were limited ahead of a long-holiday weekend in the U.S. with comments from Fed Chair Janet Yellen later in the day. The 225-issue Nikkei average rose 62.38 points, or 0.37 percent, to close at 16,834.84. The Topix index of all first-section issues finished up 7.06 point, or 0.53 percent, at 1,349.93.

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