The 225-issue Nikkei Stock Average index advanced 623.90 points, or 1.97%, to finish at 32,265.17. The broader Topix index of all First Section issues on the Tokyo Stock Exchange surged 32.82 points, or 1.5%, to 2,224.32.
Total 29 of 33 TOPIX sectoral indices closed higher, with Wholesale Trade, Electric Power & Gas, Pharmaceutical, Rubber Products, Machinery, Electric Appliances, and Transportation Equipment sectors being notable gainers.
ECONOMIC NEWS: The M2 money stock in Japan was up 2.7% on year in May, the Bank of Japan said on Friday - coming in at 1,236.4 trillion yen. That was in line with expectations following the upwardly revised 2.6% increase in April (originally 2.5%). The M3 money stock was up an annual 2.1% for the third straight month, now at 1,591.2 trillion yen. The M1 was up 4.4% at 1,073.4 trillion yen, while the L money stock rose 2.4% to 2,112.1 trillion yen.
CURRENCY NEWS: The dollar fetched 139.34 yen in Asian trade, against 138.89 yen in New York late Thursday.
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