Economics
Japanese Shares Rise as Yen Weakens, China Data Improve
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Japanese shares rose, after the Topix index last week posted its fourth straight monthly loss, as a weaker yen boosted carmakers and data signaled a recovery in domestic capital spending and Chinese manufacturing.
Toyota Motor Corp., Asia’s biggest automaker, gained 1 percent. Fanuc Corp., a producer of industrial robotics that counts on Asia excluding Japan for half its revenue, climbed 2.7 percent after a gauge of China’s factory activity increased to a 16-month high. Consumer-finance company Aiful Corp. surged 18 percent on a report non-bank lending is recovering. Otsuka Holdings Co. slid 2.4 percent after Citigroup Inc. cut its investment outlook on the drugmaker.