Nikkei Sees Best Month in 35 Years on Robust Domestic Earnings

Japanese stocks rose, with the Nikkei gaining the most in a month since 1990, bolstered by robust earnings from domestic companies such as Hitachi Ltd. and Konami Group Corp., which followed strong results from Amazon.com Inc. and Apple Inc. in the US.

The yen dropped more than 1% against the dollar overnight after the Bank of Japan kept its interest rates on hold and provided few hints about the next policy move. The currency ticked up slightly in Asian trading on Friday after inflation in Tokyo accelerated, but it’s been in a depreciation trend since about mid-month, supporting exporters, strategists say.