Japanese Stocks Rise Seventh Day as Exports, Yen Boost Carmakers
This article is for subscribers only.
Japanese stocks climbed for a seventh day, buoyed by carmakers, after the nation’s exports rose more than forecast and expectations for an U.S. interest-rate increase this year weakened the yen.
Toyota Motor Corp. was the biggest boost to the Topix index as government figures showed vehicles were the largest contributor to April’s gain in exports. Tokyo Electric Power Co. jumped 6.7 percent after a report the utility won an order to build a gas-fired power plant in Qatar. Takata Corp. slumped 4.3 percent after automakers announced more recalls in Japan and Australia related to the company’s air bags.