Japan Stocks Rise as Leasing Shares Climb on Abe’s Plan
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Japan’s Topix Index closed at its highest since August 2008, led by leasing companies on a report Prime Minister Shinzo Abe will encourage the practice as part of his growth strategy.
Orix Corp., which provides leasing and loans, jumped 9.2 percent. Mizuno Corp. soared 18 percent after the sportswear company more than doubled its net-income forecast. A gauge tracking agricultural stocks climbed to the highest since 2008 on a separate report that Abe plans to double the industry’s income in a decade. Sony Corp. dropped 1.7 percent after Japan’s biggest exporter of consumer electronics surged 19 percent over the past five trading days.