2013.08.0807:00:43UTC+00Japan stocks advance in wavy trade amid firm yen

Japanese stocks marched higher in volatile early trading after suffering sharp declines in the previous session, with many beaten-down shares soaring higher even as a strengthened yen hurt several exporters. The Nikkei Stock Average jumped 0.2%, after opening the day down and tumbling 4% in the previous session, while the broader Topix inched up 0.1%. Softbank Corp., Fast Retailing Co. and Fanuc Corp. surged 1.3%, 1.4% and 0.8%, respectively, after taking heavy push backs earlier in the week. On the downside, Hino Motors Ltd. relinquished 2.7%, Nissan Motor Co. traded 0.8% lower and Panasonic Corp. recorded a 1.3% decrease as the U.S. dollar drop down below the 97-yen mark.