MOSCOW (Sputnik) — The Nikkei 225 index rose 7.2 percent to 16022.58 points. It is the index’s best showing since September 2015. Last week, Nikkei plummeted more than 12 percent.
The Cabinet announced earlier on Monday that the island nation’s economy shrank by an annualized 1.4 percent of the gross domestic product in October-December 2015. Prime Minister Shinzo Abe reportedly told the parliament that the government would take appropriate action.
In 2012, Abe announced measures to halt economic stagnation, including structural reforms, monetary easing and fiscal stimulus. The plan, dubbed Abenomics, was introduced after Abe’s election in December 2013.
