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Markets

Prime Minister Suga's resignation prompts risk-taking in Tokyo

Nikkei 225 jumps 2% while broader Topix soars to highest level since 1991

Japan's blue-chip Nikkei Stock Average rose sharply in afternoon trade, at one point rising over 600 points, or 2%.   © Kyodo

TOKYO -- Japanese stocks jumped on Friday afternoon, boosted by Prime Minister Yoshihide Suga's decision to not run in the upcoming election for the presidency of the ruling LDP, with investors hopeful of a turnaround in the government's handling of the pandemic.

An increase in expectations for economic packages also boosted investors' risk appetite.

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