The Japanese Yen has gained against most major currencies around the world as there were no details from the country's government about further stimulus for the economy.

Yen has strengthened against the dollar and euro following a fall in the Japanese stocks and a speech form Prime Minister Shinzo Abe in which he did not announce additional detail on stimulus measures. The Yen rose against 31 of its most-traded currencies today as government did not announce further stimulus packages for the economy.

The conditions boosted demand for investment in safer assets for the investors. The Japanese national currency gained 1 per cent to 99.06 per dollar and reached 98.87 on June 3, the strongest since May 9. It rose 0.9 per cent to 129.70 per Euro while Euro rose 0.1 per cent to $1.3093. The Topix index of shares closed down 3.2 per cent before the Japanese currency fell in the foreign exchange markets.

The yen had fellen to 103.74 per dollar on May 22, which is its lowest since October 2008, after the Bank of Japan announced in April it will buy more than 7 trillion yen. The currency has been under pressure as Prime Minister Shinzo Abe said that a government's plan to loosen rules over the business will not be implemented for months to come.