Nikkei races towards six-year high

Japanese markets have continued to surge back towards pre-financial crisis levels, with the latest move on Monday taking it within a whisker of a six-year high.

Following an unprecedented stimulus package from returning Prime Minister Shinzo Abe (pictured), the country's stock markets have rallied strongly in 2013, with the Nikkei climbing 50% year-to-date to its current level of 15,619 points. The stunning gains have left it trading near levels not seen since December 2007 when it traded above 16,000. So-called Abenmoics has captured investors attention, with Abe's "three arrows" driving the recovery in GDP growth. The policies consist of a massive fiscal stimulus, more aggressive monetary easing from the Bank of Japan, and structural ref...