Japanese shares rose, with the Nikkei 225 Stock Average closing above 9,000 for the first time since October, as Toyota Motor Corp. raised its earnings forecast and a drop in the yen boosted the outlook for exporters.
Toyota, Japan's biggest company by revenue, jumped 5 percent. Renesas Electronics Corp. surged 10 percent after a report it's in talks to merge chip units with Panasonic Corp. and Fujitsu Ltd. JFE Holdings Inc. led steelmakers higher after ArcelorMittal, the world's top maker of the material, forecast improvement in the first half.
(BusinessWeek)
↧