Japanese shares rose, with the Topix index headed for a third weekly advance, as financial companies led gains and amid optimism the country��s largest pension fund will funnel more money into stocks.
The Topix added 0.4 percent to 1,237.20 as of 9:03 a.m. in Tokyo, with all but three of the 33 industry groups climbing. The gauge is poised to rise 3 percent this week. The Nikkei 225 Stock Average added 0.2 percent today to 15,107.43. The yen was little changed at 102.40 per dollar after gaining 0.3 percent yesterday.
Prime Minister Shinzo Abe asked Norihisa Tamura, the minister who oversees the 128.6 trillion ($1.26 billion) yen Government Pension Investment Fund, to conduct an early review of its portfolio, Tamura said today in Tokyo.
Source : Bloomberg