Tokyo Stocks Edge Up
The benchmark Nikkei Stock Average, covering 225 issues, rose 10.48 points, or 0.02 percent, from Monday to finish at 50,412.87.
The broader Topix index also advanced, ending 18.08 points, or 0.53 percent, higher at 3,423.25.
The yen briefly strengthened to the upper 155 range against the U.S. dollar amid growing speculation of possible intervention by Japanese authorities after its recent depreciation.
A firmer yen weighed on exporter shares, while investors took profits in heavyweight technology stocks after the Nikkei surged more than 1,400 points over the previous two sessions.
Nonetheless, the market found support from bank and financial shares, which continued to draw buying interest on expectations that the Bank of Japan’s rate-hike stance could enhance their profitability, analysts noted.
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