TOKYO, Nov. 1 (Xinhua) — Tokyo shares ended sharply increased Wednesday, as exporter-related companies have been wanted on the again of a weaker yen.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 742.80 factors, or 2.41 p.c, from Tuesday at 31,601.65.
The broader Topix index, in the meantime, completed 56.96 factors, or 2.53 p.c, increased at 2,310.68.
The U.S. dollar was agency within the decrease 151 yen vary in Tokyo after hitting a one-year excessive of 151.74 yen in New York in a single day, because the Bank of Japan’s additional adjustment to its yield curve management program Tuesday was seen as solely a minor revision to its ultra-easy financial coverage.
The weak yen was the most important think about shopping for immediately. Investors purchased export-related automakers and electronics points, because the Japanese central financial institution left open the opportunity of bond-buying operations to maintain rates of interest low below its yield curve management program, analysts stated.
Toyota Motor soared 122 yen, or 4.7 p.c, to 2,712 yen, whereas Honda Motor climbed 62 yen, or 4.1 p.c, to 1,568.5 yen, and Nissan Motor surged 29.1 yen, or 5.1 p.c, to 596.5 yen.