Japanese Stocks Rise on Yen Weakness; Banks Jump With Yields
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Japanese stocks advanced for a third day after the yen slumped on a stronger-than-expected jobs report that underscored the resilience of the US economy. Financial shares jumped in Tokyo as the yield on the nation’s benchmark bonds climbed.
The Topix index added 1.7% to 2,739.39 as of market close in Tokyo, with exporters including automakers among the biggest contributors to the gauge’s advance. The yen touched 149.13 per dollar, the weakest since Aug. 16, after tumbling more than 1% on Friday.