TOKYO: Tokyo stocks made a good start on Wednesday despite Prime Minister Shinzo Abe delayed increase in sales tax and hinted at adopting another stimulus package.
The Nikkei 225 index, which turned up more than two per cent on Tuesday after tumbling a day earlier, gained 40.25 points to 17,384.31 at the start.
The higher opening at the Tokyo Stock Exchange came after the US dollar rose to 117.14 yen early Wednesday from 116.83 yen in New York Tuesday afternoon and 116.57 yen in Tokyo earlier Tuesday.
A weak yen is positive for Japanese exporters as it makes them more competitive abroad and increases profits when repatriated.
