Japan Shares Rise on Yen as Abe Weighs Corporate-Tax Cut
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Japanese shares rose, with the Nikkei 225 Stock Average climbing from an almost seven-week low, as the weaker yen boosted exporters and amid a report Prime Minister Shinzo Abe is considering a corporate-tax cut.
Toyota Motor Corp., Asia’s biggest carmaker, increased 2.3 percent. SoftBank Corp. jumped 6.3 percent, pacing gains among communications stocks. Sony Financial Holdings Inc. added 2.8 percent after the insurance and financial-services company boosted its dividend forecast. Komatsu Ltd. climbed 1.9 percent after Japan’s machinery orders fell less than expected.