The Nikkei index rose by 0.8%, driven by chip stocks.
The Japanese stock market rose in early trading, with chip-related stocks leading the gains, following a higher close on Wall Street overnight. The Nikkei 225 index rose 0.8% to 49,700.30 points. Renesas Electronics rose 5.0% and Tokyo Electron rose 3.7%. Investors are closely watching domestic economic data to assess the likelihood of a rate hike by the Bank of Japan later this month. Prime Minister Taro Aso's economic plan is also receiving attention.
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