(Bloomberg) —Donald Trump is moving Japanese stocks again; this time in a good way. And exporters are reaping the benefits.

The U.S. president’s comment Thursday that a “phenomenal” reconstruction of business taxes will come within weeks sent the dollar surging against the yen, helping shares in Tokyo erase a weekly decline.

The nebulous promise revived reflation trades, driving U.S. stocks to record highs. Exporters were the biggest boosts on the Japanese benchmark gauge, as the yen extended Thursday’s 1.2 percent depreciation. Japan’s Prime Minister Shinzo Abe is due to meeting Trump in Washington and plans to discuss creating jobs and building infrastructure in America.

“In the end, policies pushed forward by Trump, including tax cuts and infrastructure investment, should be positive for Japanese companies,” said Nobuyuki Fujimoto, a senior market analyst at SBI Securities Co. in Tokyo. “If a tax structure that focuses on labor creation emerges in the U.S., wages should rise as America approaches full employment, and a gradually stronger dollar will be positive for Japanese businesses.”

Nikkei 225 Stock Average February options settled at 19,276.09 according to data compiled by Bloomberg data. Japan’s earnings season continues, with more than 200 companies on the Topix reporting results Friday, including Nippon Telegraph & Telephone Corp., Takata Corp., and Inpex Corp.

Summary

Topix +1.8% to 1,540.00 at 9:54 a.m. in Tokyo; index -0.1% since Feb. 3 as of Thursday’s close Nikkei 225 +1.9% to 19,271.59 Yen -0.4% at 113.70 per dollar Toyota +2.5%, Hitachi +1.2%, Honda Motor +2.7%, Sony +0.9% Cosmo Energy +7.2% after reporting 9-month operating profit 56.6b yen vs 19.6b yen loss year earlier Yamaha Motor +6.8% after reporting full-year net income at 63.15b yen, beating co.’s forecast for 60b yen