Tokyo stocks rose Friday, with the Nikkei index snapping a three-day losing streak, as investors scooped up bargains a day after the benchmark hit a one-month low.
The 225-issue Nikkei Stock Average ended up 433.77 points, or 1.14 percent, from Thursday at 38,487.90. The broader Topix index finished 46.29 points, or 1.70 percent, higher at 2,772.49.
Every industry category on the top-tier Prime Market gained ground, led by securities, electric power and gas, and real estate issues.
The U.S. dollar moved little in the upper 156 yen range in Tokyo, as selling on concerns over the U.S. economy following a downward revision of the country's gross domestic product growth was offset by buying on speculation that the U.S. Federal Reserve will keep interest rates elevated for longer than expected, dealers said.
Stocks were higher from the outset, with a wide range of issues sought after the Nikkei index lost more than 800 points over the past three trading days.
Market participants were also relieved by the benchmark 10-year government bond yield slowing its pace of increase, as it remained below the previous day's high of 1.100 percent, its highest level since December 2011, according to Japan Bond Trading Co.
While stocks extended gains in the afternoon supported by advances in other Asian markets, investors were cautious ahead of the release later in the day of U.S. personal consumption expenditure data to gauge the rate of inflation, analysts said.
"Market participants are focused on whether the U.S. economy will be able to make a soft landing," said Kazuo Kamitani, a strategist in the Investment Content Department of Nomura Securities Co.
The Fed has maintained interest rates at the highest level in over two decades amid persistent inflation, with the market keenly watching for any indication of when the U.S. central bank will cut. The PCE index is a key inflation indicator closely watched by the Fed.
