11.09.201305:19:33UTC+00Japan stocks bolster as exporters take advantage on yen's decline

Japanese stocks begin the Wednesday trading action higher as the dollar moved convincingly over the 100-yen mark, buoying exporters after solid advances in the past two sessions. The Nikkei Stock Average surged 0.4% to 14,480.06, with the broader Topix soaring 0.6%, as tech conglomerate Hitachi Ltd. increased 1.8%, industrial-machinery major Komatsu Ltd. recorded a 2.8% increase, videogame company Capcom Co. played on 1.2% gain, and the currency-sensitive automaker Mitsubishi Motors Corp. rose 3.2%. Shares of Toyota Motor Corp. rallied 1.1% after a Nikkei report that the car producer would resume its pre-Lehman-crash practice of setting its dividend at 30% of earnings per share. In the telecom space, NTT DoCoMo Inc. underperformed the market with a 0.3% hike despite a solid increase for its U.S.-listed shares overnight as it prepared to offer the new Apple Inc. iPhones later this month. But rival Softbank Corp., also an iPhone carrier, jumped 1.2% as Barclays reportedly resumed its overweight rating on the shares. On the downside, losses for oil futures in U.S. trade sent Japan Petroleum Exploration Co. depreciated 1.9% and Inpex Corp. relinquishing 3.5%.