The Nikkei Average rose from a gain of more than ¥800 in early trading to more than ¥1,300 at one point, but lost momentum toward the close while still rebounding ¥545 to ¥64,621.
In the Tokyo market, the Nikkei Average opened ¥810 higher at ¥64,885, with buying prevailing from the morning as a pause in the rise in crude oil prices was viewed positively. It subsequently rose to ¥65,404 at 9:29 a.m., but lost momentum after reaching the day's high, and stood ¥748 higher at ¥64,823 at the midday break.
The market continued to pare its gains in the afternoon, ultimately rebounding ¥545 to ¥64,621. TOPIX rose 34 points to 4,043, while the TSE Growth 250 Index rose 20 points to 766, both rebounding.
Among individual stocks, Sapporo Breweries fell 2.3% to ¥1,954, Murata Manufacturing rose 1.7% to ¥6,756, Nitto Boseki, which rebounded sharply, rose 4.4% to ¥3,040, Sony Financial Group fell 1.3% to ¥143.2 and note rose 2.3% to ¥2,935. News of preparations to change its market classification to the TSE Prime Market provided a buying catalyst for note.