(Adds details on closing prices)
By Rocky Swift
TOKYO, April 11 (Reuters) - Japanese stocks climbed for
a third straight session on Tuesday, after dovish comments from
the country's new central bank governor and upbeat U.S. economic
signs bolstered investor sentiment.
The Nikkei share average rose 1.05% to close at
27,923.37, marking its steepest one-day gain since March 29. The
broader Topix gained 0.78% to 1,991.85.
Bank of Japan Governor Kazuo Ueda said, in his inaugural
press conference on Monday, that it was appropriate to maintain
the bank's ultra-loose monetary policy for now.
Overall sentiment got a further fillip after the Nikkei
newspaper reported that billionaire investor Warren Buffett
intends to add to his investments in Japan.
Chip equipment maker Tokyo Electron jumped 3.69%, tracking
its Wall Street peers and leading gainers on the Nikkei.
"Semiconductor-related stocks as well as high-tech stocks
are pushing up the Nikkei," 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 1.75% in Tokyo. Advantest Corp , Japan's largest maker of testing devices for
semiconductors, climbed 1.98%.
Apple-supplier Japan Display Inc added 4.35%,
climbing for a second straight day, after saying it would team
up with China's HKC Corp Ltd on 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. , each of which advanced more than 2%.
Buffett's company Berkshire Hathaway Inc holds more
than 5% stakes in five Japanese trading houses, including Itochu
Corp and Marubeni Corp .
The Topix Wholesale Trade Stock Price Index ,
which includes these companies, jumped 2.3%, leading gains among
33 industry sub-indexes on the Tokyo Stock Exchange.
(Reporting by Rocky Swift; Editing by Rashmi Aich and Savio
D'Souza)
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