The Nikkei 225 Index climbed 0.6% to above 50,500, while the broader Topix Index added 0.5% to 3,315 on Monday, recovering part of last week’s losses as risk appetite improved amid optimism that the record-long US government shutdown may soon end.
Reports indicated that a group of US Senate Democrats agreed to back a deal to reopen the government and fund several agencies through next year.
In Japan, the Bank of Japan’s Summary of Opinions from its October meeting highlighted policymakers’ focus on sustained wage growth as a key factor for future decisions.
Meanwhile, a draft of the government’s stimulus plan urged the central bank to prioritize robust economic growth alongside stable prices.
Tech and AI-related stocks led gains, with notable advances in Fujikura (1.7%), SoftBank Group (1.6%), Advantest (3.2%), Disco Corp (1.7%), and Tokyo Electron (3.2%).
AloJapan.com