2013.09.1304:25:26UTC+00Japan stocks bolster, poised for weekly surge

Japanese stocks bolster Friday, overcoming a declining start that followed a retreat on Wall Street where concerns about Syria and Federal Reserve policy lingered. The Nikkei Stock Average skyrocketed 29 points, or 0.2%, to 14,415.98 and the broader Topix edged 0.4% higher to 1,188.90. Shares of Toyota Motor Corp. and Honda Motor Co. each surged 0.3% as the Japanese yen retreated slightly versus the U.S. dollar. Meanwhile, shares of display maker Sharp Corp. diminished 3.3% after a Nikkei newspaper report that LCD producer Japan Display Inc. plans a public offering that could raise roughly ¥200 billion ($2 billion). Separately, Sharp was reportedly considering the issuance of new shares to raise as much as ¥150 billion. The Nikkei Stock Average was facing an almost 4% increase for the week, a second straight week of advances. Trading in Japan will be closed Monday for a holiday.