Japanese stocks rose boosted by exporters and tech-related sectors as investors awaited the Bank of Japan's policy decision for hints about the central bank's rate path.
The Topix Index rose 0.3% to 2,928.42 as of 9:27 a.m. Tokyo time
The Nikkei advanced 0.4% to 40,799.27
Hitachi Ltd. contributed the most to the Topix Index gain, increasing 1%. Out of 1,682 stocks in the index, 1,207 rose and 398 fell, while 77 were unchanged.
The yen weakened as much as 0.7% overnight versus the dollar which helped lift some export-related shares on Thursday. The currency is close to the key psychological level of 150.
Takashi Ito, Senior Strategist, Nomura Securities, said that with events such as US monetary policy decision now behind us, Japanese stocks are likely to rise on their own momentum following a period of correction.
Source: Bloomberg
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