Nikkei rises 0.9 pct, led by exporters
Tokyo,
Sep
14:
Japan's
Nikkei
average
rose
0.9
percent
on
Friday,
led
by
exporters
such
as
Canon
Inc
following
gains
on
Wall
Street
and
a
weakening
of
the
yen
against
the
dollar.
But gains are seen limited as investors remain cautious ahead of the Federal Reserve policy meeting on Sept. 18 and before Japan's three-day weekend.
''Exporters are rising as the dollar approaches 115 yen, a level many companies base their forecasts on,'' said Yusuke Sakai, manager of equities trading at Mizuho Securities.
''Still, investors are taking a wait-and-see attitude and they are unlikely to aggressively test the upside.'' As of 0038 GMT, the benchmark Nikkei was up 141.94 points at 15,963.13. The broader TOPIX index gained 0.7 percent to 1,532.57.
Digital camera maker Canon rose 1.7 percent to 5,930 yen and high-tech firm Kyocera Corp up 2.1 percent to 10,580 yen.
INPEX Holdings Inc lost 3.42 percent to 1.13 million yen, after advancing for three straight sessions on a surge in oil prices.
Reuters
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