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 TOKYO (AP) - Japanese stocks soared to nearly a seven-year high on positive economic data Thursday, a day after the central bank raised a key interest rate.
The Nikkei Stock Average of 225 issues rose 176.07 points, or 0.98 percent, to 18,089.28 in the early afternoon on the Tokyo Stock Exchange. It was the first time the Nikkei has reached the 18,000-level since May 2000. The index lost 25.91 points, or 0.14 percent, on Wednesday.
The broader Topix, which includes all shares on the exchange's first section, added 14.74 points, or 0.82 percent, to 1,787.23 points. The Topix rose 4.5 points, or 0.25 percent, on Wednesday.
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