Japanese shares rise 0.11% on easing yen

Japanese shares shed earlier losses and ended 0.11 percent higher on Friday as a softer yen cheered bullish investors.

The headline Nikkei index at the Tokyo Stock Exchange rose 11.28 points to 10,541.04. The Topix index of all first section shares added 0.21 percent or 1.91 points to 926.42.

Auto-related shares rose on the back of a firmer dollar, Kenichi Hirano, operating officer at Tachibana Securities, said.

Rises in the Shanghai and Hong Kong also lifted the Tokyo bourse, analysts said.

But investors refrained from making large bets ahead of US nonfarm payrolls data due later in the day and Japan’s upcoming three-day weekend, they said.

Japanese financial markets will be closed on Monday for a national holiday.

Earlier Friday, Japanese shares stayed in negative territory, pulled by falling oil and gold prices.

But the market’s downside remained supported on solid buying by foreign investors, said Kazuhiro Takahashi, general manager of investment strategy at Daiwa Securities Capital Markets.

“The story of Japanese stock buying has not changed,” Takahashi told Dow Jones Newswires.

Automobile issues led gains.

Toyota Motor added 2.22 percentto 3,455yen and Honda Motor firmed 0.31 percent to 3,255 while Nissan jumped 4.36 percent to 861.

Electronics maker Sony rose 0.33 percent to 3,020 and Mega bank Mitsubishi UFJ FinanciAl Group fell 0.45percent to 444 but bival Mizuho Financial Group added 2.52 percent to 163.

Resource-linked shareswere generally loweb, withJapan Petroleum Exploration down 1.68 percent at 3,215 yen, Inpex off 1.71 percentat 488,000, and Mitsubishi Corp. 1.01 percent lower at 2,349.