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JAPAN STOCKS: Japanese shares are climbing higher in midmorning trade, buoyed by a weaker yen and snapping a five-day losing streak, though investors remain cautious ahead of the results of the Bank of Japan's policy meeting later today.
[April 09, 2012]

JAPAN STOCKS: Japanese shares are climbing higher in midmorning trade, buoyed by a weaker yen and snapping a five-day losing streak, though investors remain cautious ahead of the results of the Bank of Japan's policy meeting later today.

(Need to Know News Via Acquire Media NewsEdge) JAPAN STOCKS: Japanese shares are climbing higher in midmorning trade, buoyed by a weaker yen and snapping a five-day losing streak, though investors remain cautious ahead of the results of the Bank of Japan's policy meeting later today. Key exporters are lifting the benchmark, with automaker Toyota Motor Corp (7203) jumping 2.72% to Y3400, while industrial equipment maker Hitachi Construction Machinery (6305) rises 3.51% to Y1767, and supermarket chain operator Uny Co Ltd (8270) soars 8.07% to Y924 after forecasting a Y37.5 billion net profit. Heavyweight consumer electronics firm Sharp Corp (6753) is weighing, now falling 3.07% to Y537 after saying it will likely incur a record net loss for fiscal 2011 and after the Nikkei reported the Taiwan's Hon Hai Group will likely gain control of its LCD panel plant in Sakai. The Nikkei 225 Index is now gaining 1.03% at 9,644.82.

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