Reuters: Nikkei climbs to 2-mth high as financials surge

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Nikkei climbs to 2-mth high as financials surge
      

TOKYO (Reuters) - Japan's Nikkei stock average rose 0.75 percent to a two-month high on Monday, with Mitsubishi UFJ Financial Group  and other banks surging on growing confidence that the worst of the credit crunch may well be over. Japanese government bond (JGB) futures extended losses and investors began to shift those funds back into stocks, market players said, while exporters such as Honda Motor Co Ltd  rose as the dollar advanced.
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