The Nikkei fell away during trading today (November 29th), but still posted its best overall result for November since 2005.
It lost 0.4 per cent of its value but was still 9.3 per cent up for the month as the yen lost ground against the dollar and the euro.
The yen is now down to a five-year low against the euro, which has helped to support major exporters on the Nikkei in recent weeks.
Japanese consumer inflation accelerated to a five-year high in data released today and this has also been a boost for the index, Reuters reports.
"Industrial production was good but it was below consensus. Gradually, the market is coming to believe the BOJ will be forced to react again sometime next year," said Kyoya Okazawa, head of global equities and commodity derivatives at BNP Paribas in Tokyo.
Much of the Nikkei's good performance for the week was made up by the 1.8 per cent it increased to, closing in on a new six-year high for the index.
Learn about the Asian markets and CFD trading at City Index
StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.