11.04.201301:34:12UTC+00Japan stocks continues to reign over the declining Yen

Japan's Nikkei Stock Average started the rally on early Thursday action at its latest in a string of multi year highs, rapidly advancing 1.2% to 13,452.17 as the dollar appreciated versus the yen but remained just short of the ¥100 level. The broader Topix performed well with a 1.6% increase. The weak currency -- with the euro surpassing ¥130 -- and strong overnight wins on Wall Street pushed monetaries and exporters higher, while property shares also jumped amid the Bank of Japan's buys of real-estate investment trusts. Hitachi Ltd. advance 3.4%, Mitsubishi Electric Corp. gained 3%, and Panasonic Corp. jumped 2.9% after J.P. Morgan initiated coverage of the stock with an overweight rating. Shares of Sharp Corp. skyrockets 9% after a Nikkei news report stating the firm's October-March managing profit will come in well above prediction. Monetary industry wins involved 2.7% acquisition for both Daiwa Securities Group Inc. and Nomura Holdings Inc., and a 4.4% jump for Dai-ichi Life Insurance Co.. Among the real-estate majors, Mitsui Fudosan Co. rose 3.3%, and Mitsubishi Estate Co. flew 2.7%. On the downside, shares of FamilyMart Co. gave up 3.4% as its outlook for a record-high earnings in the current fiscal year nonetheless failed to reach analyst assumptions, according to Dow Jones Newswires.