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Nikkei gains 1.1 pct, exporters up as yen on back foot

Published 09/15/2010, 08:12 PM
Updated 09/15/2010, 08:16 PM

TOKYO, Sept 16 (Reuters) - The Nikkei average gained 1.1 percent on Thursday, with exporters such as Toyota Motor gaining as the yen remained on the defensive after Japan intervened in the market the previous day to weaken the currency.

The benchmark Nikkei rose 103.26 points to 9,619.82. The broader Topix rose 0.8 percent to 855.03.

The dollar traded at 85.55 yen, after having falling to a 15-year low below 83 yen on Wednesday just before Tokyo stepped into the currency market. (Reporting by Shinichi Saoshiro; Editing by Chris Gallagher)

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