Topix Rises to Highest Since July on U.S. Housing, Yen
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Japanese stocks rose, with the Topix Index closing at its highest level since July, as new U.S. home construction rose to a four-year high and the yen weakened after Japan posted a trade deficit for a fourth month.
Canon Inc., the world’s biggest camera maker, rose 1 percent. Honda Motor Co. jumped 3.2 percent after McKinsey & Co. said China’s passenger-vehicle sales will expand by an average 8 percent a year. Japan Steel Works Ltd. sank 5.8 percent after SMBC Nikko Securities Inc. cut its equity rating on the machinery maker to underperform.