Japan market surges 2.11% on upbeat China PMI, softer yen

Japanese share market surged on Thursday, 22 May 2014, as investors chased for risker assets across the board on dovish set of FOMC Meeting Minutes and significantly better-than-anticipated Chinese manufacturing PMI reading. Meanwhile, sharp decline in the yen against dollar and Japan Post Insurance Co plans to increase investment in domestic stocks also gave a lift to shares. The benchmark Nikkei index added 2.11% to 14337.79, while the Topix index of all first-section shares climbed 1.68% to 1169.34

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