Nikkei rises 0.9 pct, led by exporters

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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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