The Nikkei 225 Index rose 0.65% to close at 38,027, while the Topix Index gained 0.55% to 2,813 on Wednesday, marking a second straight session of gains. Japanese stocks followed Wall Street's strong overnight performance, buoyed by hopes of a less aggressive stance on Trump's tit-for-tat tariffs. Meanwhile, Bank of Japan Governor Kazuo Ueda told parliament that it would continue to raise interest rates if economic projections materialize. Ueda said growth has been beating expectations as the positive cycle from rising incomes to rising spending gradually strengthens. Consumer stocks led the gains, with strong gains from Nintendo (5.3%), Sony Group (2.3%), and Fast Retailing (1.5%). Technology stocks also posted significant gains, including Disco Corp (2.6%), Dena Co (2.1%), and Tokyo Electron (1.6%). (Newsmaker23)
Source: Trading economics
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