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Nikkei up 0.9 pct, oil fall eases inflation worry

Tue Sep 2, 2008 10:08pm EDT

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(Updates to midday)

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TOKYO, Sept 3 (Reuters) - Japan's Nikkei stock average rose 0.9 percent on Wednesday, led by exporters like Honda Motor Co Ltd (7267.T) after a steep drop in oil prices eased concerns over rising inflation.

Index heavy weight Fast Retailing Co Ltd (9983.T) climbed after the retailer reported solid same-store sales growth at its Uniqlo casual clothing stores.

But the market's gain was limited as energy shares such as oil and gas explorer Inpex Holdings Inc (1605.T) extended losses.

The benchmark Nikkei .N225 ended the morning up 109.21 points to 12,718.68. The broader Topix gained 0.8 percent to 1,222.36. (Reporting by Taiga Uranaka)

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