In Tokyo on Monday, the Nikkei 225 was up 0.6 percent to 11,762.65 and the Topix gained 0.3 percent to 1,190.27 on the strength of sectors that stand to gain by the revaluation of the Chinese renminbi.

Nippon Steel gained 0.7 percent to ¥277, while JFE Holdings, was up 0.5 percent to ¥2,915, taking the iron and steel sector as a whole up by 0.8 percent.

The textile sector, which could receive a competitive advantage from the revaluation, gained 0.6 percent as a whole as Japan’s largest general textile manufacturer, Unitika, was up 1.4 percent to ¥148.

Meanwhile, Matsui Securities lost 3.8 percent to ¥1,054 after announcing on Friday that its quarterly profits were down by 15 percent.

Takeda Pharmaceutical, on the other hand, gained 1.1 percent to ¥5,600 on the news that the US has approved the sale there of Takeda’s prescription sleeping pill Rozerem.

In the oil sector, AOC Holdings gained 6 percent to ¥1,697 at least partly on a report that it’s oil producing unit will begin pumping crude oil at two locations in Egypt in the second half of 2007.

Nippon Oil, however, lost 0.1 percent to ¥741. Nippon is Japan’s biggest oil distributor.