Nikkei ends nearly 2% higher as yen sinks on Ishiba's dovish remarks

The Nikkei stock index ended nearly 2 percent higher Thursday, at one point climbing over 1,000 points, as exporter issues were sought following the yen's plunge against the U.S. dollar after new Prime Minister Shigeru Ishiba expressed hope the Bank of Japan will not rush interest rate hikes.Ishiba said Wednesday evening after meeting with BOJ Governor Kazuo Ueda that he believes the current environment is not suitable for another rate hike, a remark that pushed the Japanese currency to fall by more than 3 yen to its lowest level in over a month on Thursday at 147.25.The 225-issue Nikkei St…READ FULL ARTICLE