Japan Stocks Climb as Yen Near Three-Month Low Boosts Exporters
- Topix at highest since April, set for best month since July
- Financial shares lead gains in the Topix as Nomura climbs
Japanese stocks rose to the highest since April after the yen touched a three-month low against the dollar, boosting the outlook for exporters’ earnings. Financial shares led gains as Nomura Holdings Inc. climbed on positive results.
Around fourteen shares advanced for every five that fell on the Topix index at the close in Tokyo, with the measure’s trading value rising to a three-month high. The gauge is poised to cap its best month since July. The yen fell to the weakest since that month on Thursday amid increased bets for a Federal Reserve interest-rate increase in December that boosted the dollar. Investors have been trawling through corporate profit updates to gauge the health of Japanese firms, with more than 350 companies on the Topix reporting this week. More than 500 firms are due to unveil results next week.