Nikkei hits 8-mth high on yen, U.S. economy hopes

TOKYO, June 8 | Sun Jun 7, 2009 10:07pm EDT

TOKYO, June 8 (Reuters) - Japan's Nikkei average hit its highest point in eight months on Monday, buoyed by exporters such as Canon Inc (7751.T) on a weaker yen and optimism about a recovery for the U.S. economy after news that it shed fewer jobs than expected in May.

In a broad-based gain, the benchmark Nikkei .N225 rose 1 percent or 97.83 points to 9,865.84, after briefly rising as much as 1.5 percent to reach its highest level since Oct. 8.

That followed a 2.6 percent gain made last week, and a nearly 8 percent rise in May.

The broader Topix .TOPX also added 1 percent, to 925.49. (Reporting by Aiko Hayashi)

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