Rubber climbs to seven-month high on weak Yen

TOKYO: Rubber advanced to the highest level since May as a weak Japanese currency boosted the appeal of yen- based contracts and a rally in Chinese stocks raised optimism the world's second-largest economy will pick up.

Rubber for delivery in June, the most-active by volume, gained 1.6% to settle at 292.1 yen a kg ($3,445 a tonne) on the Tokyo Commodity Exchange, the highest since May 10.

The yen fell to 84.96 a dollar, the weakest since April 2011, after incoming Prime Minister Shinzo Abe said he will consider changing the law governing the Bank of Japan unless it boosts its inflation target next month.