Finance News

Nikkei climbs 1 pct as exporters rise on weaker yen

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TOKYO (Reuters) - Japan's Nikkei stock average climbed 1 percent on Wednesday, with Canon Inc and fellow exporters leading gains after the dollar rose against the yen on oil's fall to a six-week low.

Mitsubishi Estate Co Ltd and Mitsui Fudosan Co Ltd surged after JPMorgan initiated coverage of them with an "overweight" rating.

The benchmark Nikkei gained 133.69 points to 13,318.65, a day after rising 3 percent -- its biggest one-day advance since May 29. The broader Topix climbed 1.5 percent to 1,306.75.