Japanese shares rose for a sixth consecutive day today (December 5th) as a weak yen drove exporter shares.
The benchmark Nikkei 225 closed up 0.2 per cent to 17,920.45 points, which was its best finish since July 2007. The dollar also rose past the 120-yen mark for the first time in seven-and-a-half years.
Investors shrugged off yesterday's announcement from the European Central Bank (ECB) that it will not to expand its stimulus programme this year.
The central bank dampened speculation that a program of sovereign-debt purchases was to start, adding that it will assess if further stimulus is needed early next year.
Investors also focused on US jobs data due later in the day, looking for signs of growth in the world's largest economy. A Labor Department report is projected to show payrolls climbed in November by more than 200,000 workers for a 10th consecutive month and that the unemployment rate held at a six-year low of 5.8 per cent.
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