Japanese Yen surges on Tuesday

Last updated: March 15, 2011

Dhaka, Bangladesh (BBN) - The Japanese Yen (JPY) surged on Tuesday after Japan’s prime minister said radiation levels near a quake-stricken nuclear plant had become high and the risk of further nuclear leakage was rising, prompting investors to dump risky assets.

On the other hand, Japan's benchmark Nikkei average fell 8.33 percent to 8,818.95 on Tuesday, while the broader Topix shed 8.84 percent to reach 772.12, according to reports.

BBN/SSR/AD-15Mar11-11:40 am (BST) 

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