The Nikkei 225 was little changed, closing at 49,303, while the broader Topix Index edged up 0.08% to 3,341 on Tuesday, as markets stabilized after a 1.89% drop in the previous session. Market sentiment improved after Bank of Japan Governor Kazuo Ueda said the BOJ would weigh the risks of rate increases while keeping financial conditions accommodative even after a potential hike.
Sentiment was further boosted by Japanese Finance Minister Satyuki Katayama, who said there was no gap between the government and the Bank of Japan in their assessments of the economy. Gains in financials, electronic technology, and retail trade offset declines in communication services, energy minerals, and consumer services.
Among top performers, Nippon Electric Glass surged 9.9%, NGK Insulators jumped 7.2%, and Fanuc Corp rose 6.4%. Meanwhile, Tokyo Electric Power, Isetan Mitsukoshi, and Sumitomo Pharma fell 6.7%, 6.1%, and 5.6%, respectively.
Source: Trading Economi
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