Nikkei rises for the first time in four days

Japanese stock market closed higher for the first time in four consecutive day on Friday, 12 December 2014, as investors chased for value buying on account of yen weakening against greenback and optimism before weekend elections that could boost support for Prime Minister Shinzo Abe's aggressive reform policies. Meanwhile, better-than-expected US consumer spending data also underpinned buying in the Tokyo shares. The benchmark Nikkei Stock Average rose 0.66% to 17371.58. It closed the week with a 3.1% loss.

Investors are now closely eyeing to Sunday's important lower house parliamentary elections, where the ruling government coalition is seen likely to retain its grip on power.

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