Japanese stocks rose, following US peers higher, boosted by a weaker yen ahead of key central bank decisions this week.
The Topix Index rose 0.6% to 2,238.77 as of market close Tokyo time, while the Nikkei advanced 0.5% to 32,434.00.
Daiichi Sankyo Co. contributed the most to the Topix Index gain, increasing 4.1% to record high on positive trial results. Out of 2,156 stocks in the index, 1,686 rose and 387 fell, while 83 were unchanged. The yen weakened further after falling about 0.3% versus the dollar on Friday.
"Japanese stocks are rising as foreign investors continue to buy," said Ryuta Otsuka, strategist at Toyo Securities. There's still a wait-and-see view stance "due to upcoming central bank meetings and the release of the US CPI numbers," Otsuka added.
Source : Bloomberg
