Yahoo Finance Tokyo stocks open 0.77% higher
Tokyo stocks opened 0.77 percent higher Friday, picking up a strong lead from Wall Street after Federal Reserve meeting minutes raised expectations the US central bank will not hike rates any time soon.
The benchmark Nikkei 225 index at the Tokyo Stock Exchange increased 140.34 points to 18,281.51 in opening deals.
The early gains were also supported by bargain-hunting, which emerged after a decline the previous day when the Tokyo bourse ended six straight days of gains.
On Thursday, US stocks rose after Federal Reserve meeting minutes lifted confidence the US central bank would not move quickly to hike interest rates.
The Dow Jones Industrial Average advanced 0.82 percent while the broad-based S&P 500 rose 0.88 percent.
Minutes from the Fed's September 16-17 meeting emphasised policymaker concerns about the slowing global economy, led by China, and the drag of the stronger dollar on the US.
The Fed decided at that meeting against hiking rates.
On currency markets, the dollar was at 119.91 yen in early Tokyo trade against 119.92 yen late Thursday in New York.
The euro traded at $1.1285 and 135.31 yen against $1.1275 and 135.21 yen.
