Tokyo shares surged following positive gains on Wall Street, due to optimism about the US economy and expectations of the Federal Reserve not increasing interest rates next week. The benchmark Nikkei 225 index added 1.97%, ending at 32,265.17, whilst the broader Topix index rose 1.50%, reaching 2,224.32. Many analysts expect the Bank of Japan to maintain its current easy money policy during meetings next week, though they will be monitoring any possible suggestions of future changes. The dollar fetched 139.34 yen in Asian trade, compared to 138.89 yen in New York late Thursday.
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