TOKYO: Tokyo stocks opened 1.02 per cent higher despite a spate of poor Japanese economic data, as the US dollar rose further against the yen on robust US economic data.
The Nikkei 225 index at the Tokyo Stock Exchange rose 158.94 points to 15,817.14 at the start on Friday.
Investors also cheered media reports that Japan’s national pension fund, the world’s largest, decided to double its domestic stock holdings, while they seemed to shrug off poor data from Japan.
A raft of September economic data released early on Friday were largely disappointing, including a 5.6 per cent drop in household spending, slower inflation and higher unemployment.
