Economics
Japan Stocks Rise as Investors Await U.S Jobs to Gauge Fed Moves
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Assessing the Health of Japan's Economy
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Japanese stocks rose in thin trading ahead of a report on U.S. employment which will help investors gauge whether the Federal Reserve will raise rates as early as this month.
The Topix index added 0.4 percent to 1,337.23 at the close in Tokyo on volume 21 percent below the 30-day average. The gain wasn’t enough to offset the last two days’ loss, with the measure capping a weekly decline of 0.9 percent, its first such drop in a month. The Nikkei 225 Stock Average climbed 0.5 percent to 16,642.23. The yen traded at 108.75 per dollar, rising for a fourth day. A measure of U.S. stocks jumped to a seven-month high on optimism the American economy is strong enough to withstand a boost to borrowing costs.