Source: The Nobel Prize Twitter handle.

Kazuo Ishiguro Wins 2017 Nobel Prize in Literature

(Bloomberg) -- Kazuo Ishiguro was awarded the 2017 Nobel Prize in Literature, the Swedish Academy in Stockholm said in a statement on Thursday.

In novels of "great emotional force", the Japan-born author has "uncovered the abyss beneath our illusory sense of connection with the world," the academy said.

Annual prizes for achievements in physics, chemistry, medicine, peace and literature were established in the will of Alfred Nobel, the Swedish inventor of dynamite, who died in 1896. The prize in economic sciences was added by Sweden’s central bank in 1968. The total amount for each of the 2017 prizes is 9 million kronor ($1.1 million), up from 8 million kronor last year.