Nikkei rises for eighth straight session on weak yen, US data

Japanese share market closed higher for an eighth straight session after fluctuating between gains and losses on Wednesday, 20 August 2014, buoyed by an array of supportive factors, including solid gains for Wall Street overnight, a significantly weaker yen, and data out ahead of the open showing a rebound for Japanese exports in July. The benchmark Nikkei 225 index advanced 4.66 points to close at 15454.45.

Japan's trade deficit rose in July from the month before to a wider than expected 964 billion yen ($9.4 billion), though exports were higher for the first time in three months, the Ministry of Finance said on Wednesday. Exports rose 3.9% from a year earlier to 6.19 trillion yen ($60.2 billion), slightly outpacing a 2.3% increase in imports, to 7.15 trillion yen ($69.5 billion). Japan recorded an 822 billion yen deficit in June.

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