Economics
Japan’s Topix Climbs Most in Three Months to Highest Since 2008
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Japanese shares rose, with the Topix index advancing the most since September to a 2008 high, as the yen weakened amid optimism about global economic growth and retailers climbed on earnings.
Seven & I Holdings Co. jumped 6 percent after the supermarket and convenience-store company’s operating profit beat estimates. Nintendo Co. surged 11 percent after China lifted a 13-year ban on game consoles. Meidensha Corp. advanced the most on the Nikkei 225 Stock Average as SMBC Nikko Securities Inc. raised its target price for the electrical-machinery maker. Mitsubishi Motors Corp. sank 4 percent on plans to raise about $2.3 billion in a public share sale.