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Japan shares inch up on yen's moderation
Published in Saudi Press Agency on 17 - 11 - 2011

AlHijjah 21, 1432, Nov 17, 2011, SPA -- Japanese stocks climbed Thursday as some export-oriented issues were lifted by the yen's easing against major
currencies, according to dpa.
The benchmark Nikkei 225 Stock Average gained 16.47 points, or
0.19 per cent, to close at 8,479.63 while the broader-based Topix
index was up 3.6 points, or 0.5 per cent, at 727.71.
Exporters such as Toyota Motor Corp, Honda Motor Co and Sony Corp
rose as the yen weakened. A weaker yen makes Japanese goods less
expensive overseas and improves repatriated earnings.
Toyota jumped 1.54 per cent, Honda climbed 1.39 per cent and Sony
was up 1.07 per cent.
In Tokyo, on currency markets at 3 pm (0600 GMT), the dollar
traded at 77.01-02 yen, up slightly from Wednesday's 5 pm quote of
76.95-96 yen.
The euro traded at 1.3505-3507 dollars, up from 1.3458-3461
dollars Wednesday, and at 104.00-02 yen, up from 103.58-61 yen.


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