Nikkei climbs 1.3 pct but yen strength caps gains

TOKYO, Aug 19 (BestGrowthStock) – Japan’s Nikkei average rose 1.3
percent on Thursday, buoyed by short-covering, but the yen’s
overall strength against the dollar kept further gains in check.

Investors are awaiting the outcome of Monday’s meeting
between Prime Minister Naoto Kan and Bank of Japan Governor
Masaaki Shirakawa, and speculation has heightened that the
central bank may ease monetary policy further ahead of the
meeting.

The benchmark Nikkei (.N225: ) rose 122.14 points to 9,362.68,
while the broader Topix (.TOPX: ) gained 1.1 percent to 843.98.
(Reporting by Elaine Lies)

Nikkei climbs 1.3 pct but yen strength caps gains