The Nikkei index rose 0.66% to close at 2,6781.68 points, and closed up by 0.16% during the week. While the broader Topix index rose 0.52 percent to 1887.30, and recorded a weekly gain of 0.53 percent.
Wall Street closed significantly higher yesterday after upbeat retail earnings expectations and easing concerns over a sharp interest rate hike from the US Central Bank led to investors buying.
Nippon Yusen shares jumped 6.4 percent after the shipping company announced a stock split. The shipping sector rose 4.88 percent and was the biggest gainer among the 33 sub-indices on the Tokyo Stock Exchange.
Shares of companies related to inbound tourism rose as Japan eased border restrictions to allow in more tourists. Shares of department store chains G Front Retailing and Takashimaya rose 4.7 percent and 4.11 percent, respectively.
Osaka Gas Co. fell 3.02 percent, and the worst performer on the Nikkei was, followed by M3 medical services platform, which fell by 2.81%. Shares of 143 companies in the Nikkei index rose compared to a decline of 80 shares.
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