TOKYO, Mar 6 (Reuters): Japan's Nikkei share average jumped to a
five-week high on Thursday as investors took heart from news about the
world's largest pension fund's allocation plan, and as a weaker yen
boosted shares of exporters.
The Nikkei ended 1.6 per cent higher to 15,134.75, the highest close since January 29.
The Topix rose 1.3 per cent to 1,228.36, with 32 of its 33 subsectors in positive territory.
The JPX-Nikkei Index 400, an index launched this year comprising firms with high return on equity and strong corporate governance, advanced 1.2 per cent to 11,113.92.
An advisory panel to the Government Pension Investment Fund said that GPIF need not stick to a "domestic-bond-centric portfolio" when the country is moving out of deflation.
The Nikkei ended 1.6 per cent higher to 15,134.75, the highest close since January 29.
The Topix rose 1.3 per cent to 1,228.36, with 32 of its 33 subsectors in positive territory.
The JPX-Nikkei Index 400, an index launched this year comprising firms with high return on equity and strong corporate governance, advanced 1.2 per cent to 11,113.92.
An advisory panel to the Government Pension Investment Fund said that GPIF need not stick to a "domestic-bond-centric portfolio" when the country is moving out of deflation.
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