Japan’s Topix Rallies to Near Seven-Month High on GDP, Weak Yen
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Assessing the Health of the Japanese Economy
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Japanese shares rose, bucking a trend in other Asian markets, after data showed the country’s economy expanded more than forecast and as the yen slid to a five-month low.
The benchmark Topix index closed at its highest since April 25, extending gains after its best week in almost two months. Japan’s gross domestic product expanded by an annualized 2.2 percent in the third quarter, according to data released by the Cabinet Office on Monday, beating a median estimate of economists for 0.8 percent growth as exports offset weak spending by individuals and companies.