The Nikkei Stock Average extended its gains, closing ¥882 higher. Buying confidence spread after the Bank of Japan decided to raise interest rates as expected by the market, while gains in U.S. markets also provided a tailwind.
Buying spread across the TSE stock market, and the Nikkei Stock Average extended its gains. Strength in U.S. stocks also provided support.
The Nikkei closed ¥882 higher than the previous day.
The Bank of Japan was reported to have decided to raise interest rates as expected by the market, spreading confidence across the market.
The rise in U.S. markets is also believed to have encouraged buying of Japanese stocks.