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Tokyo shares close higher on stimulus hopes, weaker yen

Xinhua, July 14, 2016 Adjust font size:

Tokyo shares closed higher Thursday for a fourth straight day, reaching a roughly one-month high, due to market expectations of fresh stimulus measures and monetary easing by the government and the central bank, as well as the yen's depreciation.

The 225-issue Nikkei Stock Average ended up 154.46 points, or 0.95 percent, from Wednesday at 16,385.89.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 10.90 points, or 0.84 percent, higher at 1,311.16.

Gainers were led by miscellaneous products, textiles and rubber product issues.

The day's turnover was about 2,492.0 billion yen (around 23.81 billion U.S. dollars). Endit