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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Japan's Nikkei index up for fourth day AP - Monday, April 6 TOKYO - Japan's key stock index rose Monday for a fourth straight trading day, buoyed by gains in exporters on the back of a softening yen and growing hopes for massive stimulus measures to shore up the nation's recession-hit economy. The benchmark Nikkei 225 stock average increased 108.09 points, or 1.24 percent, to 8,857.93. But the broader Topix index slipped 0.05 percent to 830.97. "The Nikkei index held firm thanks to gains in exporters as the yen remained under pressure," said Kazuhiro Takahashi, general manager at Daiwa Securities SMBC Co. Ltd. The yen was quoted at 100.84 to the dollar in Tokyo afternoon Monday, little moved from 100.29 in New York late Friday. A weak yen helps exporters as it boosts the value of their repatriated profits. Sentiment in Tokyo was also upbeat as Finance Minister Kaoru Yosano said the government plans to spend more than 10 trillion yen ($99.3 billion yen) in new economic stimulus measures to rescue the world's second largest economy from its deepest recession since World War II. The figure amounts to more than 2 percent of Japan's gross domestic product, Yosano told reporters after meeting with Prime Minister Taro Aso Monday. Officials aim to finalize details of the latest stimulus package by Friday. "As more details on the stimulus package emerged, investors were heartened by the government's aggressive stance on tackling the economic downturn," Takahashi said. He added North Korea's defiant launch of a rocket on Sunday had little impact on the market as it was expected and caused no damage. Japan, which had deployed batteries of Patriot missiles and sea-to-air interceptors on two destroyers off its northwestern coast, did not fire them because no debris from the North Korean rocket appeared to fall toward its territory. Toyota Motor Corp., the world's top automaker, rose 1.1 percent to 3,740 yen. But Nissan Motor Co. edged down 0.4 percent to 462 yen. Sony Corp. was up 1.0 percent at 2,420 yen. Panasonic Corp. increased 2.3 percent to 1,242 yen. The euro, meanwhile, was little changed at $1.3553. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Israel's N-trig eyes Nasdaq IPO in late 2010Reuters - 1 hour 21 minutes ago Continental launches Chinese R&D centreAFP - 2 hours 57 minutes ago METALS-Copper at 5-mth high, watching for China demandReuters - Tuesday, April 7 World economy hopes lift global equitiesReuters - Tuesday, April 7 Related Articles: Business PREVIEW-Israel inflation down as cbank eyes demand boost toolsReuters - 1 hour 11 minutes ago SPOT GOLD FALLS 3 PERCENT TO $864.90/OZ , TRADERS CITE STOReuters - 1 hour 11 minutes ago Italy's Eni to sell Gazprom Neft stakeReuters - 1 hour 14 minutes ago GULF STOCKS-Saudi, Kuwait, Abu Dhabi end at 3-month highsReuters - 1 hour 16 minutes ago METALS-Copper dips from 5-mth high as equities dropReuters - 1 hour 18 minutes ago Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Journalists get shock with 'sexy' White House call US ready to force out bankers: Geithner Explosives chemical found in US baby formula Madonna leaves Malawi after failed adoption bid Guantanamo 'soooo beautiful!' Miss Universe says View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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