Japanese shares rose on upbeat export data, weak yen

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Japanese markets closed on the positive note on Wednesday amid upbeat data from domestic economy. Japan's exports climbed more-than-expected last month as exports to China swung to growth. However, the country's trade balance missed estimates in January. Meanwhile, investors continued to anticipate the naming of the new governor of the BoJ. The Nikkei 225 Index reached a 52-week high to close at 11,468.28. All industries included in the index advanced. The biggest gains were posted by utility industry that skyrocketed 4.37%. Tokyo Electric Power Co, Osaka Gas Co and Kansai Electric Power Co surged 9.69%, 5.38% and 3.80%, respectively. Toyota Motor Corp jumped 1.69% on speculation that the car maker will increase its production in Japan in April by about 10% amid weaker yen and robust domestic sales. However, the gains were limited by Ebara Corp ending down 7.64% after the firm announced it plans to raise JPY35.1 billion through a public offering, stoking worries of dilution.
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