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Nikkei inches up after G20, earnings in focus

Published 10/24/2010, 08:08 PM
Updated 10/24/2010, 08:12 PM

TOKYO, Oct 25 (Reuters) - Japan's Nikkei average inched up on Monday after the weekend meeting of the Group of 20 major economies agreed to shun competitive currency devaluations, spurring expectations that any further advance in the yen will be limited.

Although market analysts expected the market to be firm, they said gains may be limited ahead of the peak of Japan's earnings season, with a flurry of major companies set to report this week including Canon Inc on Wednesday and Sony Corp on Friday.

The benchmark Nikkei was up 0.1 percent at 9,438.53, while the broader Topix was almost unchanged at 824.81. (Reporting by Aiko Hayashi; Editing by Michael Watson)

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