* Market relieved after BOJ decision offers no surprise
* Nikkei falls 0.4 pct for the week
* Trade active due to index rebalancing
* Takata's trade suspended by bourse throughout the day
By Ayai Tomisawa
TOKYO, June 16 Japan's Nikkei share average rose
to a one-week closing high on Friday as the yen dropped, after
an expected policy decision by the Bank of Japan provided relief
The Nikkei gained 0.6 percent to 19,943.26, its
highest close since June 9. The benchmark fell 0.4 percent for
On Friday, traders said that the rebalancing of the FTSE
World index lifted trading activity in the market, with 2.28
billion shares changing hands on the broader market, the highest
since June 2. Turnover hit a one-week high of 3.19 trillion yen
The broader Topix gained 0.5 percent to 1,596.04.
The dollar ticked up to a session high of 111.27 yen, its
highest since June 2, helping overall sentiment after the BOJ
kept monetary policy steady as expected.
The BOJ also left unchanged a loose pledge to keep
increasing bond holdings at an annual pace of 80 trillion yen
It upgraded its assessment of private consumption and
overseas growth, signalling confidence that an export-driven
economic recovery was broadening and gaining momentum.
Investors concerned whether the BOJ would communicate its
exit strategy without causing market turmoil took solace from
the fact that its announcement made no mention of exiting from
the ultra-loose policy, traders said.
"The market was relieved that there was no mention of an
exit strategy, at least for now," said Yoshinori Shigemi, global
market strategist at JPMorgan Asset Management.
Friday's notable gainers were financial stocks, with
Mitsubishi UFJ Financial Group rising 1.1 percent,
Nomura Holdings climbing 2.9 percent and insurer T&D
Holdings advancing 0.9 percent.
Tech shares underperformed, hit by weakness in U.S.
counterparts. Tokyo Electron shed 1.1 percent, TDK Corp
fell 0.4 percent, while Sharp Corp declined
Trading in Takata Corp was suspended throughout the
day because the company offered no official statement after
sources said the company was preparing to file for bankruptcy as
early as next week.
Takata is working toward a deal for financial backing from
U.S. auto parts maker Key Safety Systems Inc.
($1 = 111.2500 yen)
(Editing by Clarence Fernandez)