At closing bell, the 225-issue Nikkei Stock Average advanced 382.88 points, or 1.47%, to 26,490.53. The broader Topix index of all First Section issues on the Tokyo Stock Exchange inclined 26.36 points, or 1.42%, to 1,882.33.
Tokyo shares were in positive territory throughout the day after the minutes of the two-day Fed policy meeting, released Wednesday, contained no major surprises regarding its aggressive stance, noting that the central bank supported a 0.50 or 0.75 percentage point rate hike for July to tame inflation. The minutes also did not mention a possible recession in the United States, putting market participants at ease
Shares of exporters were up, with Toyota climbing 2.3% and Honda rallying 1.45%. Sony Group surged 3.7%, industrial robot maker Fanuc rallied 3.8%, and chip-making equipment maker Tokyo Electron gained 1.9%.
Real estate firms were also higher. Mitsubishi Estate Company added 2.7% and Nomura Real Estate Holdings rose 2.2%.
Shares of land and air transportation issues closed lower as resurgence in COVID-19 cases in Japan. Keisei Electric Railway fell 2%, Central Japan Railway slipped 0.9%, while Japan Airlines sank 1.2%.
Travel agency H.I.S. slid 0.4%, while Oriental Land, operator of Tokyo Disney Resort, declined 0.8%.
Aeon shares closed 11% higher, a day after the retailer released solid earnings for the March-May business period that saw its operating profit hit a record high.
CURRENCY NEWS: The U.S. dollar edged up to the lower 136 yen line following an overnight rise in U.S. Treasury yields. At 5 p.m., the dollar fetched 136.11-14 yen compared with 135.85-95 yen in New York and 135.42-44 yen in Tokyo at 5 p.m. on Wednesday.
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