Japanese Stocks Rebound Boosted by Weaker Yen, Oil Stocks Down

Japan’s Nikkei Pares Weekly Loss on Lower US Yields, Softer Yen

TOKYO (Reuters) — Japan's Nikkei share average rallied on Friday, supported by falling U.S. Treasury yields and a weaker yen, but still lost ground for the week.

Japanese Stocks Rebound Boosted by Weaker Yen, Oil Stocks Down

Japanese stocks staged a rebound after the yen depreciated following an improvement in the US Purchasing Managers’ Index, prompting buying in export-related sectors such as semiconductors and automobiles. Oil-related stocks such as mining showed weakness as crude oil prices declined.