TOKYO, Oct 28 - Japanese stocks closed higher for a third day on Tuesday, helped by an upbeat outlook for banking group UFJ Holdings as well as a rush into real estate firms and other domestic-oriented shares as the yen rose. Some technology shares also performed well, bucking the dollar's fall to new three-year low against the yen. The Nikkei average <.N225> closed up 1.02 percent at 10,561.01, breaking above 10,500 for the first time since October 22. The benchmark fell 6.36 percent last week -- its worst performance in over two years -- and on Thursday marked its biggest one-day percentage loss since September 12, 2001 in the aftermath of the attacks on New York and Washington. The broad-based TOPIX index <.TOPX> rose 1.19 percent to 1045.18. UFJ Holdings Inc <8307.T> surged 10.82 percent to 502,000 yen after sources told the megabank would announce an upward revision to its first-half profit targets later in the day. Right before the market closed, the bank said it had raised its group net profit forecast for April-September to 180 billion yen, three times its previous projection of 60 billion yen.
It also revised up its group recurring profit forecast to 130 billion yen from its earlier estimate of 95 billion yen.//