Japan Stocks Climb for First Time in Four Days as Tepco Rebounds
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Japanese stocks gained for the first time in four days as Tokyo Electric Power Co. advanced after the government said it didn’t support a breakup of the utility and as carmakers climbed.
Tokyo Electric, operator of the nuclear plant crippled by the March 11 earthquake and tsunami, rebounded from yesterday’s record 28 percent plunge. Toyota Motor Corp. climbed 2.2 percent after the company said it will be able to announce earnings forecasts this week, boosting confidence that the world’s No. 1 carmaker is recovering from the quake. Camera-maker Canon Inc. sank 2.6 percent after the end of a share buyback program.