Nikkei jumps 0.5% as yen weakens

Japanese market closed higher on Monday, 29 September 2014, following gain on the offshore markets on Friday and yen depreciation to upper 109-level against the greenback. Most of the blue chips advanced, led by exporters and other currency-sensitive stocks. The key Nikkei 225 index rose 0.5%, or 80.78 points, to 16310.64, while the Topix index of all first-section shares gained 0.40%, or 5.35 points, to 1337.30.

Tokyo market received the most boost from the yen weakening to upper-109 level against the greenback. The yen depreciation against the dollar stirring hopes for upward revisions to corporate earnings expectations. As of the close of the Tokyo Stock Exchange, the dollar was changing hands at Y109.63, well up from Y109.02 on Friday.

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