Nikkei 225 Tops 15,000 First Time in 5 Years on Yen Falls
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Japan’s Nikkei 225 Stock Average closed above 15,000 for the first time since 2007 after the yen touched a 4 1/2-year low against the dollar. Sony Corp. jumped as shareholder Daniel Loeb pushed for its breakup.
Toyota Motor Corp. added 3.7 percent to pace gains among exporters. Sony soared 10 percent as Loeb’s Third Point hedge fund pressed the company to spin off part of its entertainment business. Mitsubishi UFJ Financial Group Inc., which posts results today, advanced 3.1 percent after the Nikkei newspaper said the lender will beat earnings estimates and raise its dividend. Isuzu Motors Ltd. surged 21 percent after forecasting better-than-expected operating profit.