Nikkei extends gain

Japan share market advanced for third session in row on Thursday, 03 March 2016, on tracking positive lead from offshore markets overnight and yen depreciation against greenback. Also, adding risk sentiment was the Bank of Japan Deputy Governor Hiroshi Nakaso statement that Japan needs both aggressive monetary easing and government structural reform aimed at boosting labor productivity in order to overcome years of deflation and achieve sustained growth. Total 26 out of 33 TSE sectors advanced, with notable advancers comprised marine transportation, banking and mining-linked stocks. The 225-issue Nikkei average advanced 213.61 points, or 1.28%, to finish at 16960.16. The Topix index of all first-section issues closed up 19.44 points, or 1.44%, at 1369.05.

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