(MENAFN- Kuwait News Agency (KUNA)) Japan hopes the victory by a pro-bailout party in Sunday's crucial Greek election will help Greece stabilize, while calling on European leaders to strengthen their coordination for the region's financial market stability, the top government spokesman said Monday.
"We hope Greece will swiftly form a stable government and make progress towards stabilizing markets," Chief Cabinet Secretary Osamu Fujimura told a news conference, adding that Japan will pay close attention to upcoming negotiations on forming the Greece's coalition government.
His remarks came after the pro-bailout conservative New Democracy party narrowly beat the anti-bailout Syriza party in Sunday's vote, easing fears of a Greek exit from the eurozone and a worsening of Europe's credit woes. "We also hope that European countries will collaborate in stabilizing financial markets in the euro area," he added.
Sunday's election result bolstered investor sentiment in the Tokyo market on Monday, pushing up the benchmark Nikkei 225 Stock Average on the Tokyo Stock Exchange (TSE) by 151.70 points, or 1.77 percent, from Friday to end at 8,721.02, its close since May 22.
The broader Tokyo Stock Price Index, which includes all First Section issues on the TSE, also rose 12.24 points, or 1.68 percent, to 738.81.
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