Nikkei rises to seven-year high

Headline indices of the Japanese share market advanced to a seven-year high on Thursday, 26 February 2015, on tracking greenback strength against the yen triggered by receding hopes for a midyear U.S. interest rate increase. Meanwhile, buying pressure accelerated on news that a Japanese pension fund manager will increase its target allocation for domestic stocks. The Nikkei Stock Average ended higher by 200.59 points, or 1.08%, to 18785.79. The broader Topix index grew by 14.06 points, or 0.93% to 1521.68.

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