Japan stocks rise

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Japanese shares rose Thursday on a weakening of the yen.

The benchmark Nikkei 225 Stock Average gained 71.76 points, or 0.82 per cent, to close at 8824.07.

The broader-based Topix index was up 6.62 points, or 0.89 per cent, at 753.96.

A weaker yen makes Japanese-made goods more competitive overseas, and enhances revenues when they are repatriated.

The yen fell for a second day after the news Wednesday that the Federal Reserve in the United States, a key export market for Japan, was to extend credit-easing measures.

In Tokyo, on currency markets at 3 pm (08:00 SA time), the dollar traded at 79.67-68 yen, up from Wednesday's 5 pm quote of 78.84-85

yen.

The euro was quoted at 1.2681-82 dollars, up from 1.2671-72

dollars late Wednesday, and at 101.04-06 yen, up from 99.90-94 yen. - Sapa-dpa


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