Wednesday, 12 September 2012 12:00
TOKYO: Tokyo stocks rose 1.73 percent on Wednesday, tracking gains on Wall Street after upbeat US economic data and on rising hopes for further stimulus measures by the Federal Reserve.
The Nikkei 225 index at the Tokyo Stock Exchange added 152.58 points to 8,959.96, while the broader Topix index of all first-section shares gained 1.31 percent, or 9.56 points, to 741.82.
The rise came on expectations the Fed, which starts a two-day policy meeting Wednesday, will launch a third round of quantitative easing, or bond buying, to boost the world's biggest economy.
"I'd give the chance that the Fed will implement more easing steps at far better than 50/50," Toshiyuki Kanayama, market analyst at Monex, told Dow Jones Newswires.
"Recent employment data have been bad enough for the authorities to finally pull the trigger," he said.
On Wall Street the Dow rose 0.52 percent after data showing the US trade deficit was virtually unchanged in ...