The Nikkei 225 index rose 0.79%, or 152.73 points, to 19,498.50, while the broader Topix index gained 0.92%, or 13.06 points, to 1,430, 04.
The Nikkei opened higher, taking a positive lead from Wall Street, where stocks rose after the Federal Reserve released a new stimulus that offset the news of a huge increase in job demands.
“The sentiment was supported by the easing of the Fed in the morning and the ETF of the Bank of Japan in the afternoon,” said Toshikazu Horiuchi, a broker at IwaiCosmo Securities.
“But active purchases cannot be seen while investors remain nervous about the growing number of viral infections in Japan,” Horiuchi told AFP.
The dollar recovered 108.37 yen in Asian afternoon trade, compared to 108.47 yen in New York.
Mutsumi Kagawa, chief global strategist at Rakuten Securities, said the market remains in a “fierce struggle between those who are pessimistic (about the virus pandemic) and those who are optimistic, … who think they don’t want to miss a rare opportunity to buy stocks at cheap prices.
In Tokyo, casual wear operator Uniqlo Fast Retailing rose 2.64% to 48,190 yen despite its announcement to lower its profit forecast for the year until August.
Fujifilm rose 2.49 percent to 5,459 yen thanks to hopes for clinical trials of its anti-flu drug Avigan for patients with coronavirus.
Other large shares were mixed, with Toyota slipping 0.67% to 6,635 yen and Sony down 0.61% to 6,670 yen, but Nintendo jumped 1.46% to 44,370 yen. (AFP)
Warning :- This story has not been edited by Outlook staff and is automatically generated from news agency feeds. Source: PTI