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Nikkei posts biggest daily gain in two weeks as weak yen powers exporters
September 18, 2014 / 6:27 AM / 3 years ago

Nikkei posts biggest daily gain in two weeks as weak yen powers exporters

TOKYO, Sept 18 (Reuters) - Japan's Nikkei share average
closed at a new eight-month high and posted the biggest daily
rise in two weeks on Thursday, with a weak yen giving exporters
a boost despite disappointing trade data which showed the softer
currency is not significantly buoying sales.
    The Nikkei share average ended 1.1 percent higher at
16,067.57 points, the highest closing level since early January.
It was the biggest daily percentage gain in two weeks.
    The broader Topix rose 1.0 percent to 1,317.91, and
the JPX-Nikkei Index 400 gained 1.1 percent to
    The dollar hit a six-year high against the yen after the
U.S. Federal Reserve on Wednesday renewed its pledge to keep
interest rates near zero for a "considerable time" but indicated
that it could raise borrowing costs faster than expected when it
starts moving. It also confirmed its bond-buying programme will
end next month. 
    Japan's exports declined in August as shipments to the
United States contracted, another sign the economy is struggling
to rev up after a deep slump in April-June.
    A further period of lacklustre exports and slack domestic
demand could force the government and the Bank of Japan to find
new ways to prop up the economy.

 (Reporting by Ayai Tomisawa; Editing by Jacqueline Wong & Kim

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