Nikkei 225 Heads for 12-Week Gain on Earnings, Weaker Yen
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Japanese shares gained, with the Nikkei 225 Stock Average capping a 12-week advance, as positive earnings reports lifted the market and a weaker yen boosted exporters.
Sharp Corp. rose 5.8 percent on reports the television maker will record its first operating profit in five quarters before it posted earnings after the market close. Softbank Corp. increased 5.7 percent, a sixth-straight day of gains, after the mobile operator’s third-quarter profit doubled. NEC Corp. jumped 8.5 percent after the company swung to a profit from a loss last year. Toyota Motor Corp., the world’s biggest carmaker by market value, gained 3 percent as the yen reached the lowest level against the dollar since June 2010.