The Japanese market surged, and stocks rose in Europe, today, while the yen sank against the dollar, after Prime Minister Shinzo Abe said his government would present a 265 billion dollar stimulus package to reflate the Japanese economy. The larger-than-expected figure helped lift Tokyo stocks 1.7 percent. Investors now look ahead to a Bank of Japan meeting on Friday, with expectations running high it will take steps to ease monetary policy. Singapore's Straits Times index climbed 0.3 percent; and Hong Kong's Hang Seng index rose 0.4 percent. But South Korea's Kospi index lost 0.1 percent; and China's Shanghai Composite index plunged 1.9 percent.In Europe, the UK's FTSE-100 had gained 0.3 percent, Germany's DAX had jumped 0.7 percent, and France's CAC-40 had surged 1.4 percent in intra-day trade.In the currency markets, the dollar rose nearly 1 percent to 105.70 yen, after reports of the Japanese stimulus package. Gains against the yen pushed the dollar up 0.1 percent against a basket of currencies ahead of a policy announcement by the US Federal Reserve later today.