The Nikkei 225 Index rose 0.3% to above 43,500, while the Topix Index gained 0.5% to 3,122 on Monday, with both benchmarks reaching new all-time highs on the back of solid economic and corporate results.
Data released Friday showed Japan’s economy grew faster than expected in the second quarter, supported mainly by net exports despite pressures from US tariffs.
Corporate earnings have also been broadly robust this season, further boosting investor confidence.
On the global front, markets are watching the upcoming meeting in Washington between US President Donald Trump and Ukrainian President Volodymyr Zelenskiy in a bid to advance peace talks with Russia, as well as the Federal Reserve’s annual Jackson Hole symposium for signals on future rate moves.
Notable gainers included Sanrio (+3.2%), Mitsubishi Heavy (+2.1%), and Fast Retailing (+1.5%).
AloJapan.com