Tokyo shares ended high today (September 9th) as buying was boosted by the yen’s decline to the weakest level in nearly six years against the dollar.
The US currency topped ¥106 (£0.6) as reports emerged that an early interest rate hike by the US Federal Reserve was likely.
"Investor expectations for a better business performance of export-related companies in accordance with the dollar's rise provided support for the market," Ayako Terada at Nomura Securities Co.'s investment research department told theKyodo news.
However, a lack of other market-moving incentives and profit-taking limited further gains.
The 225-issue Nikkei Stock Average rose 0.28 per cent to 15,749.15, its best close since January 22nd. The broader Topixfinished 0.08 per cent higher at 1,299.62.
Learn about the Asian markets and CFD trading at City Index.