Nikkei 225 climbs on BoJ leadership speculation

<p>The Nikkei 225 has rallied as Haruhiko Kuroda is rumoured to be in the running for BoJ governor post.</p>

The Nikkei 225 has advanced in trading this morning (February 25th), as speculation mounts as to who will be nominated to govern the Bank of Japan (BoJ).

Currently Haruhiko Kuroda is seen as a likely candidate, while he is known to be a strong supporter of the aggressive monetary easing favoured by the present administration.

Mr Kuroda is the incumbent president of the Asian Development Bank and analysts believe the finance chief is likely to support the government's stance on active stimulus.

Prime minister Shinzo Abe has called upon the BoJ to ease its policies and pump more money into the country in a bid to revive the sluggish economy and take action that will stoke inflation, as the nation battles deflation and falling prices.

At close of play in Tokyo this morning, the Nikkei 225 rose by 2.4 per cent to an index value of 11662.5 points.

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