Japan Shares Rise as Investors Weigh U.S. Rates, Await Earnings
- China GDP, ECB policy meeting, last U.S. debate being watched
- Canon, Nidec among 350 Topix companies to report next week
Japanese shares rose after fluctuating between gains and loses as investors weighed the prospects of a U.S. interest rate increase and awaited domestic corporate earnings reports.
The benchmark Topix index was 0.3 percent higher at the close of trading in Tokyo, erasing earlier losses of as much as 0.4 percent, as the yen slid against the dollar in Asia. The currency’s drop reversed some of the gains against the greenback in New York Monday after a measure that tracks manufacturers in New York unexpectedly contracted, while Federal Reserve Vice Chairman Stanley Fischer outlined factors holding down growth and U.S. rates. Recent signs pointing to a stronger U.S. economy had boosted bets for a near-term U.S. rate increase, propelling a three-week slide in the yen.