Japan's Topix index reached a record high on Friday, driven by easing concerns over the nation's debt and a proactive fiscal policy balanced with debt management. The Nikkei index also climbed, nearing the 51,000 mark. Government bonds saw slight gains as expectations of reduced debt issuance helped yields retreat from a 26-year peak. Major gainers included SoftBank Group, Fast Retailing, and Nintendo, while Tokyo Electric Power and Sumitomo Electric Industries declined.