Japan's Nikkei breaks 35,000 for first time in nearly 34 years

A visitor looks at an electronic stock board at the Tokyo Stock Exchange. — AP

TOKYO: Japan's Nikkei share average scaled its highest levels since February 1990 on Thursday, as a weaker yen buoyed exporters and caution over an impending hike by the Bank of Japan continued to fade on the back of weak wage data.

The Nikkei rose 1.77% on its third straight day of gains this week, closing at its highest in nearly 34 years at 35,049.86. The index was also on its way to the largest weekly gain since late March 2020.