Japan Market rises on buybacks, halt in yen appreciation

The Japan share market closed higher in volatile trade on Thursday, 04 August 2016, on the back of strength in export-oriented and resources-related issues thanks to pause in the yen's rise against the dollar. Speculation that the Bank of Japan was buying exchange-traded funds Thursday afternoon also brightened investor sentiment. The 225-issue Nikkei average rose 171.78 points, or 1.07%, to close at 16,254.89 on the Tokyo Stock Exchange after taking a plunge of 308.34 points on Wednesday. The Topix index of all first-section issues gained 11.01 points, or 0.87%, to close at 1,282.99, after losing 28.22 points the previous day.

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