Japan’s Nikkei climbed to its highest level in three decades and rose for the tenth consecutive week today, Friday, as investors cheered the Bank of Japan’s commitment to monetary easing unchanged.

The Bank of Japan’s Stimulus Package

The Bank of Japan delivered on its promise to continue its massive stimulus to the economy.

Nikkei’s Performance

The Nikkei rose 0.7% to close at 33,706 after hitting a 33-year high late trading, according to Reuters.

The index achieved a weekly gain of 4.5%, and for ten consecutive weeks it rose by 22%, which was the longest period of growth in 11 years.

Topix Index and Yen’s Performance

The broader Topix index rose 0.3% today, Friday, and 3.4% during the week. The yen fell slightly, while government bond yields edged up slightly after comments from the Bank of Japan.

Stock Performances

Financial stocks were the weakest performers, as low interest rates and the likelihood that they will remain low, reduce bank lending margins.

Canon shares rose 4.9% to their highest close in five years after the imaging equipment company announced a share buyback.

Shares of two rival companies, Olympus, rose 4.5% and Nikon rose 3.8%.

Travel and FMCG companies were doing well.

Shares of Japan Airlines rose more than 4% to their highest level in three years. Cosmetics maker Shiseido rose 5.2%.

Among the biggest losers were lens maker Hoya, whose shares fell 2.4%, and Tokyo Railways, which completed a share buyback on Tuesday, whose shares fell 2.5%.