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.
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