Japan stocks rebounded Friday after a three-day decline as investors came to feel better by the previous day's recover on Wall Street recovering and weaker yen.
But investors are still not buying aggressively because of fears for U.S. and Japanese companies' quarterly earnings reports.
The 225-issue Nikkei Stock Average soared 378.43 points, or 2.92 percent, from the previous day to 13,323.73. The broader TOPIX index of all First Section issues on the Tokyo Stock Exchange was increased 30.55 points, or 2.45 percent, to 1,278.62. The TSE's Second Section index was up 20.31 points, or 0.75 percent, to 2,734.82 on a volume of 44.46 million shares.
Among all the TSE first section issues, 1,513 increased and 146 decreased. The trading volume reached 2,028.75 million stocks or 2,543.3 billion yen. The Japanese currency is being traded in the level of 102 yen per a U.S. dollar.
Especially paper and pulp, retailer issues led Japan stocks rising Friday.
Traders said, It seems difficult to continue to rise for Japan stocks if there is no good news in the G7 meeting weekend although it recovered Friday. There is no particular event in Japan for a while, so the stocks will be affected by overseas events from now, according to Kabushiki Shimbun.