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TOKYO, May 10, (Agencies): The dollar soared above 100 yen for the first time in more than four years Friday, driven by aggressive credit-easing aimed at reviving Japan’s sluggish economy and improved US economic figures. The US dollar rose as high as 101.30 yen, the first time since April 2009 that the greenback has traded above 100 yen. The move lifted Japanese stocks to their highest level in more than five years. The weaker yen is a boon to Japan’s major auto and electronics exporters. The government said the yen’s fall signaled that Prime Minister Shinzo Abe’s policy mix of increased public spending and aggressive monetary easing,beats headphones, dubbed “Abenomics,�?was proving successful. Kick-starting the economy has been Abe’s top priority since he took office late last year. “With Abenomics,http://www.christianlouboutinclouds.com/, we hope that the Japanese economy will grow and can contribute to the global economy,�?said Yoshihide Suga, the chief Cabinet spokesman. “It’s better that stocks are high than low. We believe this is a sign that our policies are progressing well.�?Japan’s Nikkei 225 stock average jumped 2.9 percent to 14,607.54, its highest close since January 2008.
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