Japanese Stocks Rebound as Investors Reassess ECB, Banks Advance
- Topix erases loss sparked by disappointment over stimulus plan
- Japan equities pare first weekly decline in about a month
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Japanese stocks rose, erasing earlier losses, as investors reassessed the impact of the European Central Bank’s decision to expand stimulus. Bank shares advanced and a weaker yen boosted exporters.
The Topix added 0.5 percent to 1,359.32 at the close in Tokyo after earlier falling as much as 1.5 percent. The gauge dropped 1.2 percent this week after jumping 15 percent over the previous three weeks. The Nikkei 225 Stock Average climbed 0.5 percent to 16,938.87. The yen lost 0.2 percent to trade at 113.44 per dollar after gaining 0.1 percent on Thursday.