“Japanese stocks rose after the yen fell to a four-month low as investment banks including Goldman Sachs Group Inc. projected the currency will continue to slide, and U.S. economic reports beat expectations, boosting the outlook for exporters.
Honda Motor Co. (7267), a carmaker that gets almost 85 percent of its sales abroad, rose 2.4 percent. Nikon Corp. (7731), a camera maker that counts on Europe for 23 percent of its revenue, climbed 3.9 percent as optimism rose that Greece will secure a debt bailout. Inpex Corp. (1605), Japan’s top oil explorer by market value, jumped 4.8 percent after crude prices advanced.
The Nikkei 225 Stock Average rose 1.6 percent to 9,384.17 at 3 p.m. in Tokyo, its highest close since Aug. 4. The broader Topix Index gained 1.3 percent to 810.45, with a weekly gain of 4 percent. More than twice as many shares rose as fell on the equity gauge. “
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