Japanese stocks varied at closing, with the Nikkei reaching its highest level in 10 sessions.
Japanese stocks closed the first trading session of the week with mixed results, in light of the yen's decline in currency trading alongside increasing optimism about the country's economic growth amidst Japan's holiday.
In this regard, Prime Minister Kishida stated this morning that domestic consumption needs to recover in order to achieve a sustainable exit from the current economic contraction.
This raised market optimism regarding the relevant authorities boosting domestic demand, which would have positive implications for economic conditions in Japan, thereby supporting the rise of Japanese stocks at the close of today's trading.
Japanese stocks are anticipating this week the release of industrial production data for August, trade balance data for September, and the inflation rate in Tokyo. All these indicators could influence the movements of Japanese stocks this week, given the insights they provide regarding the economic activity and the monetary policy direction of the Bank of Japan.
At the close of trading, the Nikkei index recorded a rise of 0.57%, or 224.91 points, reaching 39,605.73 points, which is the highest level for the Nikkei in 10 sessions.
Meanwhile, the Topix index ended trading with a slight decline of 0.24%, losing about 6 points to record 2,706.20 points.