The Nikkei has bounced back from the losses of the last two days during trading today (November 28th).
It closed near a new six-year high for the index, rising 1.8 per cent up to end at 15,727.12, which was its highest closing level since December 2007.
The Nikkei is now up 51 per cent for the year after it cancelled out the losses of 0.7 per cent on Tuesday and 0.4 per cent yesterday, Reuters reports.
Steven Englander, global head of G10 FX strategy at Citigroup, explained that economic data from the US is "pro-tapering".
"We have been struck by how much of the market continues to assign a very low probability of a December or January tapering," he said.
Despite the strong rise in the Nikkei's value today, financial bookmakers were expecting major European indexes such as the .FTSE .GDAXI and the .FCHI to open flat to modestly higher.
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