Tokyo stocks opened higher Friday following gains on Wall Street, with investors shifting their focus to fresh data due in coming days for cues on US monetary policy.
The benchmark Nikkei 225 index was up 0.49 percent or 129.69 points, at 26,620.22 in early trade, while the broader Topix index advanced 0.35 percent, or 6.63 points, to 1,888.96.
Japanese shares received support from overnight US stock rallies, but “investors tend to take to the sidelines ahead of US jobs data”, which is due later in the day, senior market analyst Toshiyuki Kanayama of Monex said in a note. Friday’s all-important US government jobs report is expected to show growth slowing, with the US economy adding 250,000 positions in June.— APP
