Japanese stocks rose, with the Topix index poised to post its best month since September 2013, as consumer lenders rose while investors weighed data showing inflation slowed last month.
Commercial finance company Orix Corp. climbed 2.8 percent after saying it will offer investors “yutai,” or gifts, for owning its shares. Nexon Co. jumped 8 percent after the online game distributor said it’ll buy back 10 billion yen ($84 million) of it stock. Yokogawa Electric Corp. sank 4.5 percent after its rating was cut by Goldman Sachs Group Inc.
The Topix climbed 0.2 percent to 1,524.61 at the break in Tokyo, poised for a 1.6 percent gain for the week, its sixth weekly advance. The measure is up 7.7 percent in February, the most since an 8 percent gain in September 2013. The yen traded at 119.21 per dollar after weakening 0.5 percent yesterday. The Nikkei 225 Stock Average added 0.1 percent to 18,799.26.
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