Nikkei 225 Caps Longest Weekly Winning Streak Since 1988
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Japanese shares rose a third day, with the Nikkei 225 Stock Average capping its longest weekly win streak since December 1988, as the yen slid and the Cabinet approved 10.3 trillion yen ($116 billion) in stimulus to speed the economic recovery.
Canon Inc., the world’s biggest camera maker, added 2.3 percent. Fast Retailing Co., Asia’s leading apparel chain, climbed 4.8 percent after raising its profit forecast. Sharp Corp. led gains on the Nikkei 225 after the Mainichi newspaper reported that the television maker expects to record its first operating profit in five quarters.