Japan´s stocks rose for a third day, after U.S. takeovers boosted investors´ optimism, and as companies reported improving earnings or raised their forecasts. Honda Motor Co., a carmaker that gets more than 80 percent of its revenue overseas, rose 0.6 percent. Sharp Corp., Japan´s biggest maker of liquid-crystal displays, advanced 0.8 percent. Japan Tobacco Inc., the world´s third-largest publicly traded cigarette maker, rose 2.1 percent and Mitsui Mining & Smelting Co. Japan´s biggest producer of refined zinc, gained 3.9 percent after the companies raised their full-year profit forecasts. "Stocks will likely continue to rise since U.S. business sentiment is improving steadily," said Mitsushige Akino, who oversees about $450 million in Tokyo at Ichiyoshi Investment Management Co. The Nikkei 225 Stock Average rose 0.4 percent to 10,630.42 as of 9:18 a.m. in Tokyo, headed for its highest level since May 6. The broader Topix index gained 0.3 percent to 943.31 with about two stocks advancing for each that fell.
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