Japan Stocks Higher Again

Japanese stocks rose for a third day as a weaker yen boosted the outlook for exporters as overseas shipments increase. Brokerages and energy shares led gains.

Camera maker Nikon Corp., which gets 84 percent of sales abroad, advanced 3.4 percent. Nomura Holdings Inc. jumped more than 4 percent for a second day, leading brokerages higher. Sony Corp. rose 2.4 percent after revising its profit forecast higher on better sales of videogames. JSR Corp. slumped 5.8 percent after the rubber products-maker forecast smaller-than-expected operating profit.

The Topix index climbed 0.3 percent to 1,626.78 as of 9:26 a.m. in Tokyo, with all but nine of its 33 industry groups rising. The Nikkei 225 Stock Average added 0.2 percent to 20,175.48, after closing above 20,000 Wednesday for the first time in 15 years. The yen traded at 119.97 per dollar after a three-day drop of 0.9 percent.


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