Japan Stock Futures Gain, Yen Weakens as Kuroda Promotes Easing
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Japanese stock futures rose and the yen weakened after Haruhiko Kuroda, a potential contender for Bank of Japan chief, said additional monetary easing can be justified this year. Australian shares rose.
American Depositary Receipts of Canon Inc., Japan’s largest camera maker that gets 80 percent of sales abroad, gained 2.6 percent as the yen touched the lowest level since May 2010. ADRs of Nissan Motor Co. sank 3.5 percent after Japan’s second-biggest carmaker reported third-quarter profit that fell short of analyst estimates, with sales dropping in China. Amcom Telecommunications Ltd. gained 1.7 percent in Sydney after the fiber-optics carrier maintained its profit forecast.