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Nikkei Hits 33-month High

Jan 30, 2013

Tokyo (dpa) - Japanese stocks closed at a 33-month high on Wednesday, driven up by this week's approval of a draft budget.

The Nikkei gained 247.23 points, or 2.28 per cent, to end at 11,113.95.

The broader-based Topix index was up 13.91 points, or 1.51 per cent, at 934.67.

The cabinet approved a 92.61-trillion-yen (1.02-trillion-dollar) budget for fiscal 2013 on Tuesday. The budget aims to stimulate the economy with public works.

Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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