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Nikkei up 1.7 pct on yen, easing inflation worry

Sun Aug 10, 2008 10:07pm EDT

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(Updates to midday)

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TOKYO, Aug 11 (Reuters) - The Nikkei average rose 1.7 percent on Monday, boosted by Honda Motor Co (7267.T) and other exporters on a softer yen and easing worries about inflation and corporate profits due to a recent fall in oil prices.

The benchmark Nikkei .N225 added 225.96 points to end the morning session at 13,394.37, hitting the highest point since July 31.

The broader Topix gained 1.3 percent to 1,276.24. (Reporting by Aiko Hayashi)

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