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Asian Shares Mostly Higher, Nikkei Climbs

Japanese stocks jumped 2.8% after the yen extended its five-month slump to drop past 100 per dollar for the first time in four years.The yen's drop below 100, a much-watched key level, has long been anticipated as the Bank of Japan unveiled aggressive monetary policy plans early last month aimed at boosting growth at home by spurring lending and weakening the currency. The dollar was recently trading at Y101.12, after gaining 1.6% on Thursday.The sudden moves in the currency overnight capped a strong week for stocks, with the up Nikkei 6.6% since last Friday, trading at a fresh near-five-year high and set for its best weekly performance since 2009.Japanese car makers were among the prime beneficiaries of yen weakness Friday, with Toyota Motor Corp. up 3.3% and Mazda Motor Corp. climbing 4.2%.Strong earnings news also strengthened the upward momentum in Tokyo. Nikon Corp. rocketed 14.3% after the camera maker said that its current operating profit will beat forecasts, while Suzuki Motor...

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  1. Nikon Profits Drop on Weak Compact Camera Sales

    Nikon Corp. (7731.TO) on Thursday logged a 19.3% drop in quarterly net profit as smartphones continued to cut into demand for its digital compact-cameras, but it for...

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  5. ASIA MARKETS: Strong Yen Weighs On Japan Stocks

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  7. Asian Shares Mixed, Nikkei Underperforms

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