Tokyo stocks rose for the fourth straight trading day on Tuesday, with a key index ending at a 32-month high on the yen's depreciation and expectations for the continued powerful monetary easing by the central bank.
The benchmark Nikkei 225 Stock Average on the Tokyo Stock Exchange (TSE) advanced 77.51 points, or 0.72 percent, from Friday to 10,879.08, the highest finish since April 28, 2010. The broader Tokyo Stock Price Index, which includes all First Section issues on the TSE, gained 7.53 points, or 0.84 percent, to 906.22, with 28 of 33 subindexes ending in positive territory.
A weaker yen against the US dollar benefited exporter shares, including automakers, as it improve Japanese exporters' overseas profits when repatriated. The Japanese markets were closed Monday for a national holiday. Investor sentiment was also brightened by remarks by BOJ Governor Masaaki Shirakawa earlier in the day that the central bank will continue powerful monetary easing to boost the country's economy and beat deflation.
In the currency market, at 5 p.m. (0800 GMT), the US dollar traded at JPY 88.81-84 against JPY 89.43-53 in New York at 5 p.m. Monday.