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JAN 31, 2013 - MarketWatch

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Japan stocks rise on weak yen, strong earnings

LOS ANGELES (MarketWatch) -- Fresh losses for the Japanese yen helped send Tokyo stocks higher early Friday, with the Nikkei Stock Average rising 0.4% to 11,186.71, while the Topix added 0.6%. With the dollar hitting highs not seens since June 2010, exporter shares climbed, with Honda Motor Co. adding 1.4% despite cutting its earnings forecast for the year ending March 31. Other auto makers also gained amid the falling yen, with Toyota Motor Corp. up 1.6%, Mitsubishi Motors Corp. ahead by 2.1%, and Mazda Motor Corp. improving by 2.9%. Shares of Sharp Corp. rallied 4.2% after a ... Read More

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