Tokyo stocks open higher on better-than-expected Tankan survey

Tokyo  - Tokyo stocks opened higher Tuesday on a better-than-expected Tankan business sentiment survey.

The Nikkei 225 Stock Average gained 45.15 points, or 0.33 per cent, to 13,526.53.

The broader Topix index of all first-section issues was also up 6.66 points, or 0.5 per cent, at 1,326.76.

Business confidence among Japan's major manufacturers deteriorated in the three months through June from the previous quarter, the Bank of Japan's Tankan survey showed Tuesday.

The index of big makers' sentiment came to 5, down from 11 in the previous survey. It was the third consecutive quarter of decline, but the figure was better than the average market expectation.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 106.02-04 yen, up from Monday's 5 pm quote of 105.32-33 yen.

The euro was quoted at 1.5757-62 dollars, down from Monday's 5 pm quote of 1.5800-01 dollars, and at 167.09-14 yen, up from 166.41-45 yen. (dpa)

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