Overview

• The Nikkei 225 gained 447.85 yen to finish at 45,493.66, marking a fresh closing peak.
• Broad buying followed record U.S. equity finishes on speculation of earlier Federal Reserve rate cuts.
• The index was up more than 700 yen intraday, with a morning close at 45,729.33, and the TOPIX ended 15.49 points higher at 3,163.17 after a morning level of 3,175.89.
• Market participants said last week’s BOJ announcement to sell ETFs initially pressured shares, but a gradual pace is widely expected to limit near-term effects.
• The yen traded near ¥148.11–13 per dollar in Tokyo late day, while New York quotes later hovered around ¥147.82–92, with investors also watching the newly announced LDP leadership contest.