Japanese shares rose, with the Nikkei 225 Stock Average closing at its highest in nearly four and a half years, as the yen fell amid speculation Prime Minister Shinzo Abe’s likely nominee for the Bank of Japan’s governorship is supportive of more monetary stimulus.
Japanese shares gained, with the Nikkei 225 Stock Average rising to its highest in eight months, as the yen fell after the Liberal Democratic Party regained power. Tokyo Electric Power Co. led gains on expectations the new government will allow the restart of nuclear reactors.
Japanese stock futures were little changed as the yen rebounded, damping the earnings outlook for exporters. Declines may be limited ahead of U.S. data that’s forecast to show the housing market is improving. Australian stocks rose after oil prices increased.
Japanese stocks plunged by the most in more than four months, as concern the global economy is stalling triggered an equities rout that drove the Standard & Poor’s 500 Index to its worst slump since 2009.
Japanese stock futures dropped as U.S. employers added fewer jobs than forecast, damping the outlook for a recovery in the world’s biggest economy and denting the earnings prospects for Asian exporters.
Japanese stocks fell for a third day after the nation’s capital spending rose less than expected and the yen strengthened after Federal Reserve Chairman Ben S. Bernanke signaled further bond purchases.
Japanese shares advanced, with the Nikkei 225 Stock Average rising to a seven-month high, after U.S. jobless claims fell to a four-year low and on signs European leaders will speed the establishment of a permanent bailout fund to help contain the debt crisis.