Nikkei rises to seven month closing high helped by weak yen

TOKYO Thu Dec 6, 2012 11:40am IST

A visitor looks at market indices displayed at the Tokyo Stock Exchange in Tokyo September 26, 2012. REUTERS/Yuriko Nakao

A visitor looks at market indices displayed at the Tokyo Stock Exchange in Tokyo September 26, 2012.

Credit: Reuters/Yuriko Nakao

TOKYO (Reuters) - The Nikkei average climbed to a seven-month closing high above the 9,500 mark on Thursday, encouraged by a yen kept weaker though persistent speculation the central bank would adopt bolder action to pull Japan out of deflation under a likely new government.

The Nikkei .N225 rose 0.8 percent to 9,545.16, the highest closing level since April 26. The broader Topix .TOPX advanced 0.9 percent to 788.74.

(Reporting by Ayai Tomisawa; Editing by Edwina Gibbs and Eric Meijer)

Reuters Showcase

FMC-SEBI Merger

FMC-SEBI Merger

Regulatory shakeup could revive commodities markets   Full Article 

Market Eye

Market Eye

Sensex, Nifty end higher after bumpy budget-day trading  Full Article 

Tax Incentives

Tax Incentives

Budget woos foreign investors  Full Article 

Excise Duty

Excise Duty

Cigarette makers fall after budget hikes excise duty  Full Article 

Welcoming the Budget

Welcoming the Budget

India Inc cheers corporate tax cut, simpler rules  Full Article 

Gold Price

Gold Price

Gold prices to rise after budget keeps import duty high  Full Article 

Fuel Prices

Fuel Prices

IOC to raise diesel, petrol prices from Sunday  Full Article 

Moody's on Budget

Moody's on Budget

Budget "credit neutral" from a ratings perspective - Moody's   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage