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Nikkei edges up, market stays cautious on Fed outlook
August 22, 2016 / 6:20 AM / a year ago

Nikkei edges up, market stays cautious on Fed outlook

* Exporters gain ground as dollar stands high against yen

* Mining shares underperform hit by weak oil prices

By Ayai Tomisawa

TOKYO, Aug 22 (Reuters) - Japan’s Nikkei edged up on Monday, but gains were limited as investors were cautiously focused on this week’s meeting of global central bankers in Jackson Hole, Wyoming, where the U.S. Federal Reserve may provide insight on the rate outlook.

The Nikkei share average rose 0.3 percent to 16,598.19.

The broader Topix gained 0.6 percent to 1,303.68 and the JPX-Nikkei Index 400 added 0.5 percent to 11,715.58.

Reporting by Ayai Tomisawa; Editing by Jacqueline Wong

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