Nikkei 225 advances as weak yen lifts exporter shares
Tokyo's Nikkei 225 climbed 1.2% as a softer yen boosted automakers and electronics exporters.
Tokyo's Nikkei 225 climbed 1.2% to close at 38,840 as the yen's continued slide versus the dollar lifted exporters. Carmakers and electronics names led the advance.
Toyota rose 2.1% and Sony added 1.8%, with weaker yen flattering operating margins. USD/JPY tested a 34-year high, edging toward 160.
Traders are now watching for Bank of Japan intervention risk, with Japan's finance minister again voicing discomfort over the currency level. The broader TOPIX index finished up 0.9%.
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