Japanese markets rise

Japanese markets rise

POSTED: Monday, February 18, 2013 - 12:00pm

UPDATED: Monday, February 18, 2013 - 12:04pm

Japanese stocks soared monday following the G-20's decision not to single out the country for adopting policies that weakened its currency. The Nikkei average jumped 2.1%, led by exporters and banks.

A statement issued by G-20 policy makers over the weekend did not single out Japan for manipulating its currency, the yen. The yen weakened on the news, edging near a 33 month low against the dollar.

 

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