Japanese stocks rallied in recent trading, led by the machinery and electronics sector, which benefited from a weaker yen. Kawasaki Heavy Industries shares rose around 3.4%, while Tokyo Electron Ltd. gained 2.1%. In the foreign exchange market, the USD/JPY pair hovered around 155.83, up from 155.26 at the Tokyo stock market close on Monday, making Japanese exporters' shares more attractive.
Investors are now focused on the release of economic data ahead of next week's Bank of Japan (BoJ) policy meeting, which could provide clues to the direction of interest rates and monetary policy going forward. Furthermore, signs of improving diplomatic relations between China and Japan have also contributed to positive market sentiment. Amidst this combination of factors, the Nikkei index rose around 0.3% to 50,734.83. (az)
Source: Newsmaker.id
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