Nikkei 225 index surges on weaker Yen

Japan's Nikkei Stock Average surged on Wednesday marking a 3-week record high on IMF growth predictions amid weaker Yen which supported export shares. Nikkei 225 index jumped 2.14% or 202.55 points and closed at 9,667.26. Exporters rallied with Nissan Motor adding 4.2% and Honda Motor surging 3.9%. Mitsubishi UFJ Financial Group, Japan's largest lender gained 2.9% on hopes European debt uncertainty will not hamper global growth.  Sumitomo Electric soared 5.4% after Nikkei reported the firm will sell its system which provides storage batteries with solar power.