It has been revealed that Japan's Nikkei saw a powerful start in Asian markets in the week.

The Nikkei 225 Stock Average increased to a maximum after seven weeks. It rose by a titanic 2.3% in today's trade.

This resulted in the fall in Yen to 125.96/1 against the Euro. Last week the Yen was pitched at 125.73/1. Hong Kong's Hang Seng increased 1.5% and Taiwan's Taiex rocketed by 1.9%.

The MSCI Asia Pacific Index also increased by 1.6% to 127.25 in Tokyo.

The increase in the Asia Pacific Index can be credited to improved investor confidence over Greece. The fears over Greece's condition have been put to rest. It was also augmented by the news that the recession is letting up in the U. S.

Japanese exporters also gained since the news of a sturdy dollar, took Toyota Motor Corp up by 3.4% and Canon up by 3.5%.

Koichi Kurose of Resona Bank Limited revealed, "Data across the globe underscore the economy is recovering, which then boosts risk sentiment. Buoyant risk sentiment will encourage investors to sell the yen and re-invest in higher-yielding assets".

One can see the immediate effects of the economic resurrection on stock markets, throughout the world. The economic data has out beaten all anticipations made by the economists. The skepticism has now given way to cautious optimism. There are also encouraging statistics from the United States that allude to the ricocheting of the economy.

The effect of the bail out of Greece by the Eurozone has also impinged on global stock markets including that of Asia. Investor confidence has been reinstated and exporters have thereby seen a boost. It was seen that since the news of Greece's debt was made public stock markets had been closing at real lows.