Japan Stocks Rise From Three-Month Low as Utilities Gain on Atomic Restart By Akiko Ikeda and Toshiro Hasegawa - Jun 20, 2011 11:33 AM GMT+1000
Japanese stocks rose from a three- month low as power companies climbed on signs the government may allow atomic reactors to be restarted following the worst nuclear accident in 25 years. Mazda Motor Corp. advanced
Chubu Electric Power Co., the country�s third largest utility, surged 6.3 percent. Mazda jumped 4 percent after the automaker said it will return to profit this fiscal year. Mitsubishi UFJ Financial Group Inc., Japan�s largest bank by market value and a large shareholder in the country�s power companies, gained 1.7 percent
The Nikkei 225 Stock Average rose 0.6 percent to 9,407.59 as of 10:23 a.m. in Tokyo. The broader Topix index advanced 0.7 percent to 810.94.
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