Japanese Shares Advance as Yen Weakens on Cyprus Bailout
Bloomberg (25/3) - Japanese shares
rose after the first weekly drop in five weeks as the yen weakened after
an European Union official said Cyprus reached a tentative agreement on
an international bailout.
The Nikkei 225 Stock Average (NKY) gained 1.4 percent to 12,515.05 as of 9:17 a.m. in Tokyo. The Topix Index climbed 1.1 percent to 1,049.96, within 0.5 percent of its highest close since 2008. All but two of its 33 industry groups rising. The Topix rallied 44 percent through March 22 from mid- November, when elections were announced that |