The Tokyo Stock Exchange finished the trading year Monday with its best gains for over 40 years. The Nikkei 225 Index has appreciated nearly 57 percent in the year since Prime Minister Shinzo Abe launched his economic overhaul and the central bank embarked on its aggressive monetary easing.
The stock exchange - which is closed on Tuesday and reopens on January 6 - ticked higher by 0.7 percent to finish the year at 16,291.31 points. The index hit a new six-year closing high for the seventh straight session and posted a nine-day winning streak, its longest since 2009. The gain of 56.72 percent is the bourse's biggest since 1972 and better than a recent rise of 40.52 percent in 2005.
Since his tenure began in December 2012, Abe has unveiled a detailed plan, known as "Abenomics", which aims to lift the country out of its economic rut. Gross domestic product (GDP) growth has barely breached 2 percent over the last decade, deflation has plagued the country for 15 years and its debt-to-GDP ratio currently stands at 175 percent.