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11.03.201302:52:16UTC+00Japan Stocks drives the weaker yen to advance

Japanese stocks takes pleasure from a moderate bump early Monday, aided by boost for exporters after upbeat U.S. jobs data out Firday sent the dollar jumping further versus the yen. The Nikkei Stock Average increase 0.4% to 12,337.70 in primary moves, though the broader Topix rushed 1.1%, amid exports of strong foreign fund buying. In the tech and electronics exporters industry, Toshiba Corp. advanced 3.3%, Nintendo Co. accumulated 2.8%, Alps Electric Co. rose 2.5% and Renesas Electronics Corp. gained 2.8%. Currency-sensitive automakers increase as well, with Honda Motor Co. acquiring 1.6%, Mazda Motor Corp. reaching 2.9%, Subaru Maker Fuji Heavy Industries Ltd. gaining 2.6%. Among the droppers, shares of Sharp Corp. lost 0.9% as the Asahi Shimbun reported Taiwan's Hon Hai Precision Industry Co. would miss a self imposed deadline to invest in the debt-heavy Japanese tech firm, though it may make an investment later on. 



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