Japan Stocks Rise as BOJ Meets, U.S. Factory Data Beats

Lock
This article is for subscribers only.

 Japanese stocks rose, with the Nikkei 225 Stock Average capping the biggest rally in eight weeks, after demand for motor vehicles boosted U.S. factory orders and the Bank of Japan started a policy meeting.

Honda Motor Co., which gets 44 percent of its revenue in North America, rose 4.6 percent. Tokyo Electric Power Co., the utility at the center of the 2011 nuclear crisis, soared 24 percent on a report it will save money by switching to coal-fired power plants. Fast Retailing Co., Asian’s biggest apparel chain, jumped 11 percent after saying same-store sales at its Uniqlo Japan outlets surged 14 percent in March from a year earlier.