Tokyo stocks end at 33-month high

Tokyo stocks jumped Wednesday, with a key index ending at a 33-month high on positive corporate earnings reports and government approval of a record-high JPY 92.61 trillion (USD 1.02 trillion) budget for fiscal 2013 on the previous day. The benchmark Nikkei 225 Stock Average on the Tokyo Stock Exchange (TSE) advanced 247.23 points, or 2.28 percent, from Tuesday to 11,113.95, the highest finish since April 27, 2010. The broader Tokyo Stock Price Index, which includes all First Section issues on the TSE, gained 13.91 points, or 1. 51 percent, to 934.67, with 32 of 33 subindexes ending in positive territory. A weaker yen against the US dollar benefited exporter shares, as it improve Japanese exporters' overseas profits when repatriated. In the currency market, at 4 p.m. (0700 GMT), the US dollar traded at JPY 90.92-96 against JPY 90. 65-75 in New York and JPY 90.65-66 in Tokyo at 5 p.m. Tuesday.