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This Article is From Sep 02, 2014

Nikkei Ends at Seven-month High on Weak Yen, Reform hopes

The Nikkei gained 1.2 per cent to 15,668.60, the highest since mid-January.

Nikkei Ends at Seven-month High on Weak Yen, Reform hopes
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Japan's Nikkei share average ended at a seven-month high on Tuesday in active trade as the yen slipped to a seven-month low against the dollar, sending exporters higher on hopes of a boost to earnings.

The Nikkei gained 1.2 per cent to 15,668.60, the highest since mid-January.

The broader Topix rose 1.1 per cent to 1,297.00, and the JPX-Nikkei Index 400 gained 1.1 per cent to 11,763.89.

A total of 2.4 billion shares changed hands on the main board, the biggest since early August.

A planned cabinet reshuffle by Prime Minister Shinzo Abe also supported sentiment, traders said.

The Nikkei business daily reported that Abe has decided to bring Yasuhisa Shiozaki, a veteran Liberal Democratic Party (LDP) and vocal proponent of overhauling Japan's Government Pension Investment Fund, for the labor and welfare minister post.

Copyright: Thomson Reuters 2014

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