Japanese Shares Advance on U.S. Economic Optimism, Yen
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Japanese shares rose, with the Topix index advancing for the first time in three days, after a better-than-forecast U.S. jobs report added to signs of growth in the world’s biggest economy and weakened the yen.
Honda Motor Co., which gets more than 80 percent of its sales abroad, climbed 1.7 percent. Yokogawa Electric Corp. jumped 6.4 percent after the chipmaker raised its net-income outlook. Furukawa Electric Co. fell the most on the Nikkei 225 Stock Average after the cable maker maintained a profit forecast that missed analyst estimates. Marubeni Corp., a trading company that finalized its takeover of Gavilon Group LLC in July, lost 4.2 percent after cutting its profit estimate for the U.S. grain distributor by almost two-thirds.