Japanese stocks up as nominees to lead central bank approved

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Source: Dukascopy Bank SA
© scanpix/reuters
Japanese equities edged higher, sending the Nikkei 225 Stock Average to its highest level in more than four years on growing optimism about the outlook for the world's largest economy, as jobless claims dropped unexpectedly, and Japanese upper house approved the two nominees to lead the central bank. The Nikkei 225 Index rose 1.5% to 12,560.95, its 4-year record high. All sectors in the benchmark index advanced. Tokyo Dome Corporation extended gains for a second day, as its shares jumped 15.1% to 527 yen after the operator of open-air stadium said its profit rallied tenfold. Sony Corporation lifted technology shares that were 1% higher, as it rose 11% after Daiwa Securities Group gave its recommendation to buy the stock. Another market leader was Toyobo Co, a manufacturer of natural synthetic fibers, with a 9% surge to close at 181 yen. On the downside, Taiheiyo Cement that slipped 3% to 224 yen.

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