Tokyo shares rose on Wednesday as stronger than expected US economic readings and a weaker yen boosted investor confidence. The Nikkei 225 index gained 2.02%, while the Topix index increased 1.99%. Wall Street also saw gains as positive economic data alleviated concerns about a potential recession. Major Japanese stocks such as SoftBank Group, Sony Group, Toyota, and Fast Retailing saw significant gains. The yen’s depreciation against the dollar further encouraged buying.
