Japan News
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The yen declined against most its major counterparts on speculation the Bank of Japan will add to stimulus measures this week to support growth and weaken the nation’s foreign-exchange rates.
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Japan’s Nikkei 225 Stock Average rose from a four-month low as a weaker yen lifted the outlook for exporters and on speculation shares were oversold. Gains were limited after the Group of Eight nations failed to deliver a unified strategy to tame the European debt crisis.
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Alibaba Group Holding Ltd., China’s largest e-commerce provider, agreed to repurchase about a 20 percent stake in itself from U.S. Web portal Yahoo! Inc. for about $7.1 billion ahead of a potential initial public offering.
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Gree Inc., Japan’s second-biggest social-gaming company, fell to the lowest in more than a year in Tokyo trading after a sales method it uses was ruled illegal.
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