Japanese stocks rose on Thursday as the dollar’’ strength against the yen continued to lift risk appetite, while the Bank of Japan maintained its current pace of asset buying.
The Nikkei share average rose 1.1 per cent to end the day at 19,859.81, a fresh 3-month high.
The Bank of Japan maintained its current pace of monetary stimulus after a policy meeting on Thursday, signalling hope for economic recovery despite concerns over domestic capital expenditure and lingering fears over a global economic slowdown.
The broader Topix edged up 0.9 per cent to end the day at 1,600.38 with all but two of its 33 subindexes in positive territory.
The JPX-Nikkei Index 400 rose 0.9 per cent to 14,433.46.