Nikkei 225 surges

At the Tokyo Stock Exchange, the benchmark index reacted sharply to Prime Minister Suga Yoshihide's announcement that he will not run in the upcoming leadership election for the main ruling Liberal Democratic Party.

The Nikkei 225 finished on Friday at 29,128. That's up 584 points, or two percent, from the previous day.

Analysts say investors are buying up with optimism that a new cabinet will strengthen coronavirus measures and provide economic relief.