Japanese Stocks Recover Thanks to Confidence in Growth

Japanese stocks recovered today thanks to cyclical stocks, with renewed hopes for a quick economic recovery, while Yaskawa Electric shares jumped after raising expectations for annual profits.

The Nikkei index rose 2.25% to close at 28569.02 points, while the broader Topix index advanced 2.14% to 1953.33 points.

The two indices achieved their biggest gain in three weeks after falling for three consecutive sessions, approaching an eight-week low on Friday.

Japan shares followed Wall Street’s strong close on Friday. The three major indices of US stocks recorded a record high closing levels at the end of last week, led by shares of the financial sector and other sectors related to the economy.