In the last Friday, the Japan's benchmark stock index closed higher as the yen further to retreat against the dollar and the investors cheered the new government's plans to support the economy. While, the other Asian stock markets were closed mixed.
Evan Lucas , an analyst of IG Markets in Melbourne said that he expect to see some increases in Japan's Nikkei 225 index after Yasutoshi Nishimura, a senior vice minister of the Japanese government's Cabinet Office commented that yen would decline further. The Nikkei climbed to 2.1 % to 10,846.73.
“A weaker yen assist the Japanese exporters to making products sold abroad less expensive and some of the country's trading partners were increasing demand for the raw materials,” Lucas said.
A recent decline in the yen's value against the dollar and declines against other major currencies have driven by some expectations that the Japan's central bank would try to engineer inflation by increasing amount of money in the circulation.
South Korea's Kospi declined amid jitters that the country's exporters can be slammed by Japan's declining yen, which makes the Japanese products less expensive overseas. The benchmark was down 1.1 % to 1,941.79. Hong Kong's Hang Seng dropped 0.4 % to 23,506.29. The Australia's S&P/ASX 200 climbed 0.4 % to 4,831.20.