Japanese stocks advance after Yen, US unemployment fall

Japanese stocks advance after Yen, US unemployment fall
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First Published: Mon, Apr 09 2007. 05 59 AM IST
Updated: Mon, Apr 09 2007. 05 59 AM IST
By Patrick Rial/Bloomberg
Tokyo: Japanese stocks advanced after the yen weakened against the dollar and the US unemployment rate unexpectedly dropped. Toyota Motor Corp. paced gains on confidence exporters will be able to increase sales in the world’s largest economy.
“This should be a favourable week for stocks after the firm employment data from the US and the yen fell to the 119 range against the dollar,” said Chisato Haganuma, a strategist at Nomura Securities Co. in Tokyo.
The Nikkei 225 Stock Average rose 153.91, or 0.9 percent, to 17,638.69 as of 9:11 am in Tokyo. The broader Topix index advanced 11.07, or 0.6 percent, to 1728.15.
Nikkei futures expiring in June added 0.7 percent to 17,660 in Osaka and climbed 0.8 percent to 17,665 in Singapore.
—With reporting by Kazue Somiya in Tokyo
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First Published: Mon, Apr 09 2007. 05 59 AM IST
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