Japanese Stocks Close Higher as Abe Dissolves Parliament
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Japanese stocks rose, with the Topix index reversing declines in the last hour of trading, as Prime Minister Shinzo Abe dissolved parliament ahead of elections.
Paper makers and oil explorers led gains among the Topix’s 33 industry groups. Takata Corp., a maker of airbags linked to deaths of motorists, jumped 9.2 percent after leveraged short-selling of the stock was suspended. Mazda Motor Corp., which gets 31 percent of revenue from North America, fell 0.6 percent, paring declines of as much as 2.8 percent.