英语文摘：Tokyo stocks rise on yen's decline, exporters advance

Other analysts pointed to currency moves in the market spurring buybacks in shares previously oversold, and an emerging sense of optimism for the future of the debt-laden eurozone also helped to douse the mounting fears of sovereign debt in the troubled region and encourage investors to take bolder stances on Monday.

"Stabilizing moves in the currency market helped spark short- covering in exporter shares that had been oversold, while hopes emerged ahead of the EU's leaders' meeting that the outlook for the euro zone problems might improve," said Mitsuo Shimizu, deputy general manager at Cosmo Securities.

European Union leaders will convene at a summit on Thursday to appeal to financial markets that the debt crisis is being managed through further fiscal discipline and the coordinated tightening of policy.

The euro was trading in the upper 111 yen zone, up from the upper 110 yen level late Friday in Tokyo. A weaker yen boosts Japanese exporters' overseas profits when repatriated and their competitiveness abroad.

Some strategists in Tokyo also noted that expectations in the market for a further rebound are increasing on positive macroeconomic cues from the United States, and accommodative euro- yen currency moves.

"Concerns about the global economic outlook are receding and it seems that the market is becoming more responsive to positive factors," commented one strategist.

Export-related issues such as Sony Corp. advanced 1.8 percent to 2,618 yen and digital camera maker Canon Inc. gained 1.6 percent to 3,775 yen.

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