Nikkei climbs 1.76% on central banks monetary easing moves (3)

The yen declined earlier today to 85.91 per dollar, the weakest since Aug. 19, before rising to 85.42 following the BOJ's policy announcement. Exporters cheer a weaker yen as profits aren' t eroded when repatriated.

Honda jumped 2.2 percent to 2,872 yen and Advantest Corp. rose 2.5 percent to 1,695 yen.

Canon Inc., a camera maker that gets more than 80 percent of its revenue outside Japan, increased 2.6 percent to 3,590 yen and Sony Corp. gained 0.4 percent to 2,465 yen. Kyocera Corp. meanwhile climbed 2.6 percent to 7,440 yen.

JVC Kenwood Holdings Inc. jumped 6.9 percent to 234 yen, following news the maker of audio equipment will form a liquid- crystal display joint venture with Taiwan's AmTRAN Technology Co.

NEC Corp. increased 2.8 percent to 222 yen. Japan's largest maker of personal computers will enter the U.S. market for medical information technology as President Barack Obama's health-care reform increases demand for preventive care, the Nikkei English News reported.

Some 1.54 billion shares changed hands on the Tokyo Exchange's main section, down from Friday's volume of around 1.69 billion, with advancing issues outnumbering declining ones by 1,409 to 151.

Source: Xinhua


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