* Dollar gains against yen on relief over Trump-Abe meeting
* Sentiment underpinned by record closes on Wall Street
TOKYO Feb 13 Japan's Nikkei share average
probed more than one-month highs on Monday, cheered by Wall
Street breaking records, a weaker yen and relief that talks
between U.S. President Donald Trump and Japan's Prime Minister
Shinzo Abe yielded no negative surprises.
The Nikkei was up 0.5 percent at 19,483.38 at the
end of morning trade, after earlier rising as high as 19,519.44,
its highest since Jan. 5
"The January high of 19,615.40 is in sight," said Yutaka
Miura, a senior technical analyst at Mizuho Securities.
"It might not be topped today, but it would not be
surprising if it was attained later this week," he said.
Wall Street's main stock indexes rose to fresh all-time
closing highs on Friday as a spike in oil prices supported
energy shares and investors renewed their optimism about Trump's
On Abe's U.S. visit, Trump abruptly set aside campaign
pledges to force Tokyo to pay more for U.S. defense aid as well
as his past complaints that Japan was artificially weakening its
The dollar was up 0.7 percent at 113.95 yen after
topping 114 earlier in the session, and pulling away from last
week's 10-week lows.
"The mood here is clearly one of relief," said Stefan
Worrall, director of Japan equity sales at Credit Suisse in
"Going into the summit, the degree of anxious hand-wringing
by Japanese policymakers was palpable," he said, as they fretted
about whether currencies or the Bank of Japan's monetary easing
steps would attract Trump's ire.
Data released earlier on Monday showed Japan's economy grew
for a fourth straight quarter in the final three months of last
year thanks to strong exports, though weak private consumption
and rising protectionism in the United States suggested a
sustainable recovery could be some way off.
The broader market shrugged off news that North Korea fired
a ballistic missile into the sea off its east coast early on
Sunday, the first time the isolated state has tested such a
device since Trump's election.
The Tokyo Stock Exchange's mining subindex gained
5.5 percent, while the oil and coal subindex rose 3.2
Crude oil futures rallied on Friday on reports that OPEC
members delivered more than 90 percent of the output cuts they
pledged in a landmark deal that took effect in January, though
they gave back some of those gains on Monday.
Oil producer Inpex Corp jumped 5.9 percent, scaling
its highest levels in more than three weeks, after it forecast
higher profits for the fiscal year through March.
But consumer goods maker Lion Corp fell 9.2 percent
after it forecast its 2017 operating profit would rise 10.2
percent, slowing sharply from 2016's 49.6 percent increase.
The broader Topix gained 0.6 percent to 1,556.07,
while the JPX-Nikkei Index 400 rose 0.7 percent to
(Reporting by Tokyo markets team; Editing by Simon