Japan Stocks Gain Most This Month on Government Plan for Tepco
This article is for subscribers only.
Japanese stocks rose, sending the Nikkei 225 Stock Average to its biggest gain this month, after the government approved a bill to help Tokyo Electric Power Co. compensate victims of the Fukushima nuclear accident and China’s factory output increased more than expected.
Tokyo Electric, owner of the crippled Fukushima Dai-Ichi nuclear plant, led gains on the Nikkei, surging 25 percent. Chubu Electric Power Co. rose 13 percent after a report the utility and Marubeni Corp. may win an order for a gas-fired power plant in Oman. Fanuc Corp., an industrial robot maker that gets about 50 percent of its sales in Asia, rose 1.7 percent.