Chip equipment-maker Tokyo Electron jumped 4.4%, leading
gainers on the Nikkei, tracking its Wall Street peers.
"Semiconductor-related stocks as well as high-tech stocks
are pushing up the Nikkei Stock Average," said Nomura strategist
Kazuo Kamitani. "Also, expectations that the Bank of Japan will
delay modification to its monetary policy seem to be having an
effect."
U.S. shares were mixed on Monday as investors factored in
how positive jobs data from last week and inflation figures in
the coming days will influence Federal Reserve policy. Tech firms rose 1.7% in Tokyo. Advantest Corp. , Japan's largest maker of testing devices for
semiconductors, climbed 2.7%.
Apple Inc supplier Japan Display Inc surged 8.7%,
after saying it would team up with China's HKC Corporation Ltd
on next-generation technology for screens.
The yen depreciated 1.1% on Monday, the most since March 29,
following Ueda's comments, giving a lift to exporters in Tokyo
trading including Mazda Motor Corp and Nissan Motor Co. , with each advancing more than 2%.
Billionaire investor Warren Buffett told Nikkei he intends
to add to investments in Japan.
Buffett's company Berkshire Hathaway Inc's holds
more than 5% stakes in five Japanese trading houses - Itochu
Corp , Marubeni Corp , Mitsubishi Corp ,
Mitsui & Co and Sumitomo Corp .
The Topix Wholesale Trade Stock Price Index ,
which includes the companies, rose 2%, leading gains among the
33 industry sub-indexes on the Tokyo Stock Exchange.
(Reporting by Rocky Swift; Editing by Rashmi Aich)
(Corrects typographical error in headline)
By Rocky Swift
TOKYO, April 11 (Reuters) - Japanese stocks climbed for
a third straight session on Tuesday, after dovish comments from
the nation's new central bank governor and upbeat U.S. economic
signs bolstered investor sentiment.
The Nikkei share average rose 1.4% to 28,013.86 by
the midday break, set for its sharpest advance since March 22.
The broader Topix gained 0.9% to 1,995.20.
Bank of Japan Governor Kazuo Ueda said on Monday in his
inaugural press conference that it was appropriate to maintain
the bank's ultra-loose monetary policy for now.
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