Nikkei slips after rally to near 5-year high, but up 5.1 pct on week

Fri Apr 12, 2013 2:20am EDT

TOKYO, April 12 (Reuters) - Japan's Nikkei average retreated
on Friday after recent sharp gains to an almost five-year high,
though it still posted a third straight weekly advance, buoyed
by optimism that bold central bank policies would revitalise the
    The Nikkei closed 0.5 percent lower at 13,485.14. It
opened up 0.1 percent at 13,568.25, its highest level since July
2008, before moving into negative territory. 
    For the week, the benchmark rose 5.1 percent.
    The broader Topix index edged up 0.1 percent to
1,148.57 in active trade.

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.