Topix Posts Longest Winning Streak in Three Months on Yen, Fed
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Japanese stocks rose for a fifth day, capping the longest winning streak since February, after the yen slid as investors weighed minutes from the Federal Reserve’s latest meeting.
Mazda Motor Corp., which gets about 80 percent of revenue abroad, climbed 1.3 percent. MS&AD Insurance Group Holdings Inc. jumped 5.4 percent as forecasts beat estimates and the company said it would buy back shares. Panasonic Corp. added 2.3 percent after Nomura Holdings Inc. raised its rating on the electronics manufacturer’s stock. Lixil Group Corp. dropped 7.5 percent after the maker of aluminum products said it may post a loss if its German subsidiary files for insolvency.