Japan's Nikkei rises, ekes out weekly gain on Fed bets, domestic growth signs

Japan's Nikkei 225 rose 1.47 percent to close at 69,744.07, gaining 0.5 percent on the week, while the broader Topix climbed 1.24 percent to 4,064.60 for its fifth straight session of gains. The rally was driven by softer-than-expected US payrolls data which reduced near-term bets on a Federal Reserve rate hike, along with improving domestic services activity in Japan. A rebound in the yen and declining oil prices further supported cyclical and consumer-related shares.