2014.09.0101:53:10UTC+00Japanese stocks rise, yen falls, Capex in focus

Japanese stocks climbed with the benchmark index caps first monthly loss since April as Japan’s capital spending data comes in with the yen continuing its decline.

The Topix Index added 0.2% to 1,280.51, 10:18 am, Tokyo time. The trend showed that two shares rose for one that fell. For the month of August, the index shed 0.9% in total which is the first loss of the gauge in four months. The Nikkei 225 Stock Average added 0.2% to 15,457.12 as the yen continued its dip, losing 0.1% to match the dollar at 104.15 yen. Last week, the yen shed 0.4% while this week, it is showed that the the capital spending of Japan climbed but missed estimates for the second quarter. The capital spending of Japan increased by 3% in the second quarter.

CyberAgent Inc. and Fumakilla Ltd. surged by 5.3% and 13% respectively while Nisshin Steel Co. plunged by 6.2%.

Chief fund manager at Resona Bank Ltd., Koji Toda, commented to Bloomberg that the nation’s currency has retreated marginally to keep shares from being sold. Toda adds that the market knew that capital spending would be weak from the months of April up until June due to the sales-tax increase. Toda emphasizes that the important thing was the turnout of data from the months of July up to September.