The Nikkei ended up 0.95%
August 28, 2010 - 7:35 am
The Nikkei closed up 0.95% Friday, pending action by the Japanese authorities to stem the rising yen.
The Nikkei index closed at 8991.06 points and the broader TOPIX, took 0.96% to 819.62 points.
At midday, the Nikkei had yet descended to a lower conference room of 16 months.
According to Kyodo News, Japanese Prime Minister Naoto Kan was to hold a press conference Friday to outline the measures taken by the government to control the sudden appreciation of the yen.
The exporters, who are particularly affected by the rising yen, have therefore taken the colors, Honda Motor TDK and Advantest winner respectively 1.63%, 2.79% and 1.72% at closing.