Japan Stocks Have Best Week Since 2020 as Exporters Gain on Yen
- Shares sold off last week are being bought back: T&D Asset
- Goldman strategist Bruce Kirk says foreign demand picking up
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Japanese stocks posted their biggest weekly advance in more than four years as the nation’s benchmark indexes continued to claw back losses from the recent rout, led by electronics makers and banks.
The Nikkei 225 Stock Average climbed 3.6%, benefiting from a better economic outlook in the US and the yen’s retreat back toward 150 versus the dollar, which helps support the earnings of exporters. The broader Topix advanced 3%.