Japan Stocks Rise on Light Volume as Yen Falls for Seventh Day
- Topix index trading volume was 23 percent lower than average
- Abe to announce new spending measures on Tuesday, reports say
Japanese stocks rose in thin trading, with the Topix index headed for its first monthly gain this year, as the yen fell for a seventh day after data showed the U.S. economy grew at a faster pace than previously estimated.
The Topix rose 1.2 percent to 1,381.85 at the close in Tokyo after briefly dropping less than 0.1 percent. Volume on the measure was about 23 percent lower than the 30-day average. About five times as many shares rose as fell. The Nikkei 225 Stock Average gained 0.8 percent to 17,134.37. The U.S. economy expanded 1.4 percent in the fourth quarter compared with a previously estimated 1 percent, revised data showed Friday, bolstering the Federal Reserve’s case for increasing borrowing costs. The yen slid 0.4 percent to 113.55 per dollar on Monday, the longest streak of declines since October.