Japanese stocks rose sharply on Tuesday for the second consecutive day as export-linked issues were bolstered by the yen’s fall against major currencies.
The benchmark Nikkei 225 Stock Average gained 318.84 points, or 2.23 per cent, to end at 14,588.68 while the broader-based Topix index was up 19.76 points, or 1.67 per cent, at 1,205.41.
On currency markets at 3 pm (0600 GMT), the dollar traded at 99.55-56 yen, up from Monday’s 5 pm quote of 98.96-97 yen.
The euro was quoted at 133.27-28 yen, up from 132.35-39 yen late Monday and at $1.3386-3388, up from $1.3373-3375.
A weaker yen makes Japanese goods more competitive abroad and improves repatriated revenues.