Japan’s Topix Index Rises Eighth Day to Extend 7 1/2-Year High
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Japanese shares rose amid low trading volume, with the Topix index climbing for an eighth day to extend its highest closing level since 2007.
JFE Holdings Inc. jumped 4.5 percent, leading iron and steel companies to the largest gain among the 33 Topix industry groups. Nippon Paper Industries Co. climbed 3.5 percent after announcing a target to double operating profit in three years. Nomura Holdings Inc. fell a second day as brokerages led declines.