Japanese stocks rose, following US peers higher, boosted by a weaker yen ahead of key central bank decisions this week.
The Topix Index rose 0.4% to 2,233.60 as of 9 a.m. Tokyo time, while the Nikkei advanced 0.4% to 32,380.39.
Toyota Motor Corp. contributed the most to the Topix's gain, increasing 0.9%. Out of 2,156 stocks in the index, 1,523 rose and 369 fell, while 264 were unchanged. The yen was little changed after falling about 0.4% Friday to 139.4 per dollar.
"The Nikkei 225 is likely to rise by about 100 yen on the back of a weaker yen and higher US tech stocks," said Shoji Hirakawa, chief global strategist at Tokai Tokyo Research Institute. "However, investors are likely to wait-and-see ahead of upcoming economic statistics this week, as uncertainty over monetary policies in Japan, US and Europe will limit both upside and downside of the market."
Source : Bloomberg
