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Nikkei rises to fresh 5-week high on weak yen

But volume subdued ahead of US job data

Reuters Tokyo

Japan's Nikkei share average rose to a fresh five-week high on Friday as a weak yen lifted risk appetites following better-than-expected US jobless claims and the European Central Bank's decision to keep its rates unchanged.

The Nikkei ended 0.9% higher at 15,274.07, the highest closing level since January 29. For the week, the index rose 2.9%.

But volume was subdued ahead of the release of widely anticipated US job data later in the day.

The Topix rose 0.7% to 1,236.97.

The JPX-Nikkei Index 400, an index launched this year comprising firms with high return on equity and strong corporate governance, advanced 0.7% to 11,196.54.

 

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First Published: Mar 07 2014 | 11:44 AM IST

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