Japan Stocks Rise as Yen Weakens on Inflation Prospects
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Japanese shares rose, with the Nikkei 225 Stock Average gaining for a second day, as the yen weakened after Prime Minister Shinzo Abe pressed for a higher inflation target and China’s trade data beat estimates.
Honda Motor Co., which gets about 81 percent of its sales outside Japan, advanced 2.5 percent. Komatsu Ltd., a maker of construction equipment that gets about 14 percent of sales from China, climbed 1.6 percent. Izutsuya Co. jumped 48 percent after the department-store operator raised its profit forecast. Tokyo Electric Power Co. finished the day flat after a plunge that almost erased a 19 percent gain in seconds. The stock exchange said the selloff wasn’t the result of an error.