At closing bell, the 225-issue Nikkei Stock Average added 72.60 points, or 0.25%, to 28,892.69. The broader Topix index of all First Section issues on the Tokyo Stock Exchange grew 1.52 points, or 0.08%, to 2,001.18. Trading volume turnover on the main section stood at 1.54 billion shares worth 3.53 trillion yen.
Total 16 of 33 industry groups of the Topix ended up, with best performing issues were Marine Transportation (up 7.2%), Pulp & Paper (up 1%), Iron & Steel (up 0.8%), and Foods (up 0.8%) sectors, while worst performing sector were Metal Products (down 2.2%), Securities & Commodities Futures (down 1.1%), Glass & Ceramics Products (down 1%), Retail Trade (down 0.9%), and Real Estate (down 0.7%) sectors.
ECONOMIC NEWS: Japan Industrial Production Falls 5.4% On Month In September- Japan industrial output fell a seasonally adjusted 5.4% on month in September, the Ministry of Economy, Trade and Industry said on Friday, following the 3.6% contraction in August. On a yearly basis, industrial production sank 2.3% following the 8.8% gain in the previous month. Upon the release of the data, the METI's assessment of industrial production is that it is pausing.
Japan Unemployment Rate Unchanged At 2.8% In September- Japan unemployment rate came in at a seasonally adjusted 2.8% in September, the Ministry of Internal Affairs and Communications said on Friday, unchanged from the August reading. The job-to-applicant ratio was 1.16, exceeding expectations for 1.14, which would have been unchanged from the previous month. The participation rate was 62.3%, down from 62.4% a month earlier.
CURRENCY NEWS: The Japanese yen appreciated to mid-113 level against greenback on Friday. The Japanese yen traded at 113.58 per dollar, stronger than levels above 114 seen against the greenback earlier this week.
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