Japanese stocks achieve the greatest weekly gain since April because of stimulus expectations

Japanese stocks ended Friday's session in the last week's sessions higher after the rise of stocks in Europe and the United States, the biggest weekly gain since last April, on expectations of the expansion of monetary stimulus around the world to counter the effects of Britain's secession from the European Union.

The Nikkei average closed up almost 106.56 points or 0.68 percent to 15,682.48 points, and the Topix index rose 8.62 points or 0.69 percent to 1,254.44 points.

Over the week the Topix index rose 4.2 percent, the biggest weekly gain since the week ending April 15th last.

Shares in Europe and the United States made strong gains yesterday, especially after Mark Carney's remarks, the British central bank governor, who favored the expansion of stimulus measures in the summer months to cope with the deterioration of economic outlook.

It is expected widely central banks around the world to resort to expand the stimulus policies to cope with setbacks expected to be exposed to the global economy after the British secession.

Many policy makers in the Japanese Central Bank expressed concern about the financial markets turmoil, and stressed that the excessive movements in the foreign exchange market poses a threat to the economy.

Data released today in Tokyo confirmed that the levels of inflation in the country is still far from the targets of the central bank's 2 percent, core consumer prices in May fell 0.4 percent from a decline of 0.3 percent in May.

Tankan industrial index recorded the level 6 points in the second quarter , the same reading of the first quarter, beating expectations for a 4-point, the index recorded level of 15 points over the same period last year.