Japan Stocks Rebounded By Weakening Concern for U.S. economy

Investors were also relieved by western financial institutions plans to increase capital and the U.S. central bank's liquidity-boosting measures.

The 225-issue Nikkei Stock Average advanced 157.01 points, or 1.18 percent, from Friday to 13,450.23.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 16.69 points, or 1.29 percent, to 1,305.63. The TSE's Second Section index was up 10.56 points, or 0.38 percent, to 2,755.87 on a volume of 33.48 million shares.

Among all the TSE first section stocks, 1,169 increased and 445 decreased. The trading volume reached 1,832.10 million stocks or 2,151.5 billion yen. The Japanese currency is being traded in the level of 102 yen per a U.S. dollar.

As the Japanese currency became weaker against the U.S. dollar, stocks increase, especially oil, coal and mining issues. Also, export-oriented issues like Canon and Sony increased

Natural resource-related shares such as Inpex Holdings and Japan Petroleum Exploration also gained ground amid rising oil prices.

The Japan stocks increased in spite of worse-than- expected March jobs data in the U.S. Brokers said, "investors already expected weakening U.S. economy, and some expects recovery from now by tax reduction with rebate of U.S. government," according to Kabushiki Shimbun.