Stock futures rise following Japan's move on yen

[October 05, 2010]  NEW YORK (AP) -- U.S. stock futures are rising, following world markets higher after the central bank of Japan moved to weaken the yen.

Japanese stocks jumped 1.5 percent after the Bank of Japan moved to push the yen down, a move that will help big Japanese exporters like Toyota.

Japan's central bank cut its key interest rate to virtually zero and is looking to buy government bonds in an effort to boost the faltering Japanese economy.

Ahead of the opening on Wall Street, Dow Jones industrial average futures are up 13, or 0.1 percent, at 10,720. S&P 500 futures are up 2, or 0.2 percent, at 1,137, while Nasdaq 100 futures are up 6, or 0.3 percent, at 1,983.

[Associated Press]

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