The Nikkei 225 Index rose 0.1% to around 38,510, while the broader Topix Index climbed 0.5% to 2,695 on Wednesday, snapping a four-day losing streak. The gains came after softer-than-expected US producer inflation data provided some relief for equities. However, investors remained cautious ahead of the US consumer inflation data, which could influence the Federal Reserve's monetary policy outlook. In Japan, a private survey revealed a rebound in manufacturer sentiment for January, driven mainly by improved conditions in materials industries.

At the same time, speculation is growing that the Bank of Japan may signal further interest rate hikes at its upcoming meeting, keeping investors on edge. Notable performances came from index heavyweights such as Mitsubishi UFJ (up 1.2%), Keyence (up 3.7%), and Nintendo (up 2.3%).(Cay) Newsmaker23

Source: Trading Economi