Stocks rise on bets elections yield new leadership
News On Japan via BusinessWeek -- Nov 16
Japan's Topix Index (TPX) capped the biggest two-day gain since March 2011 amid surging volume as the yen weakened on speculation elections next month will hand power to an opposition party pushing for more central-bank easing.
Exporters Canon Inc. (7751) and Honda Motor Co. gained more than 5 percent as the currency's depreciation boosting the earnings outlook. Daiwa Securities Group Inc. jumped 7.1 percent to lead gains among brokerages. Ube Industries Ltd. sank 5.6 percent after Citigroup Inc. and Nomura Holdings Inc. cut their equity ratings on the chemicals maker.
The Topix rose 1.9 percent to close at 751.34 in Tokyo, with more than three shares advancing for each that fell. The gauge rose 4 percent in the last two days after elections were called for next month. For the week, the measure climbed 2.8 percent. The Nikkei 225 Stock Average (NKY) rose 2.2 percent to 9,024.16 on volume 62 percent above the 30-day average.
|| Man stabbed in possible dispute over son's girlfriend |
| || Kochi prefectural police are investigating an incident involving a man who sustained severe injuries after being stabbed several times in the abdomen. Police said they believe the attack is linked to a dispute the victim was having with another man over their children dating. (Japan Today ) |
|| 3 cats found mutilated to death in Ehime park |
| || Police in Niihama, Ehime Prefecture, are investigating the mutilation deaths of three cats whose bodies were left in a park. Two were found dead in February, and the third was found on Saturday. (Japan Today ) |
|| Thousands protest in Japan ahead of Fukushima anniversary |
| || Banging on drums and waving "Sayonara nukes" signs, thousands of people rallied in a Tokyo park and marched to Parliament on Sunday to demand an end to nuclear power ahead of the third anniversary of the Fukushima disaster. (scmp.com ) |
|| Fewer than 40 pct of Tokyo residents, commuters prepared for quake |
| || Fewer than 40 pct of residents and commuters in Tokyo take specific measures to prepare for a possible huge earthquake beneath the Japanese capital, despite high awareness on disaster prevention, a Metropolitan Police Department survey showed Friday. (Jiji Press ) |
|| Blizzard pummels northern Japan |
| || A blizzard struck northern Japan on Friday with authorities warning of avalanches, high waves, strong winds and traffic disruption. (thehindu.com ) |