The Nikkei 225 index rose 0.59% to close at 38,537 while the broader Topix index gained 0.35% to 2,787 on Tuesday, extending gains from the previous session as investors reacted to the Bank of Japan's latest policy decision.
As expected, the central bank kept its policy interest rate steady at 0.5% and signaled a more gradual approach to balance sheet reduction starting next year, reflecting a cautious approach toward withdrawing stimulus. BOJ Governor Kazuo Ueda stressed that policymakers are closely monitoring economic conditions, especially amid changing global trade dynamics, and left room for further rate hikes if needed.
The local market also found support from an overnight rebound on Wall Street, with investors largely shrugging off rising geopolitical tensions in the Middle East. In Tokyo, tech stocks led the rally, with strong performances from Advantest (+2.4%), Disco (+6.3%), Lasertec (+4.0%), Tokyo Electron (+2.9%), and SoftBank Group (+2.1%).(alg)
Source: Trading Economics
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