Tokyo stocks edge up, boosted by strong US growth

<p>Japan’s Nikkei share average rose on a weak yen and strong US growth</p>

Japan's Nikkei share average rose today (September 29th) thanks to a weak yen and a report showing that the US economy grew at its fastest pace in more than two years in the second quarter.

Revised figures from the US Commerce Department revealed the country's GDP increased at an annual rate of 4.6 per cent between April and June, making it the best performance since the fourth quarter of 2011. This is an improvement on the 4.2 per cent previously estimated.

The revision was due to larger rises in exports and business investment, including manufacturing, trade and housing.

The Nikkei share average ended 0.5 per cent higher at 16,310.64, while the broader Topix added 0.4 per cent to 1,337.30. The JPX-Nikkei Index 400 also gained 0.4 per cent to 12,163.84.

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