Japanese stocks rose, led by energy explorers, metal makers and insurers, after reports that Prime Minister Shinzo Abe has decided to delay a sales-tax increase.
Oil explorer Inpex Corp. added 3.3 percent, while insurer Tokio Marine Holdings advanced 1.3 percent. Toshiba Corp. jumped 9.4 percent, the most in five years, after JP Morgan raised its rating on the electronics maker to overweight from underweight.
The Topix index added 0.5 percent to 1,349.82 at the trading break in Tokyo as about five shares advanced for every four that fell. The measure is headed for a 0.5 percent weekly gain. The Nikkei 225 Stock Average climbed 0.4 percent to 16,846.32. The yen traded at 109.94 per dollar after strengthening 0.4 percent on Thursday. A Group of Seven leaders’ summit at Ise-Shima in central Japan concludes on Friday.
Takata Corp. declined 6.1 percent, after surging to its daily limit on Thursday following reports that the embattled airbag maker is in talks with KKR & Co. about a possible takeover. Gungho Online Entertainment Inc. surged 19 percent after the online game maker unveiled plans to roll out a Chinese version of the Puzzle & Dragons mobile game.