Nikkei Opens Higher On Yen's Decline

TOKYO (NQN)--Tokyo stocks opened higher Monday, with the Nikkei Stock Average jumping 144 points to begin the day at 11,318.

It is the first time for the benchmark index to top 11,300 during trading hours since Feb. 14.

The yen fell after finance ministers and central bankers from the Group of 20 nations refrained from explicitly saying Japanese monetary and economic policies have weakened the Japanese currency in their joint statement, released after their meeting Friday.

The yen's decline is prompting investors to buy exporters, with Mazda Motor Corp. (7261) and Honda Motor Co. (7267) opening higher.

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