Market Updates
Japan Indexes Closed Higher Tracking Gains On Wall Street
Akira Ito
05 Aug, 2025
Tokyo
Market sentiment in Tokyo recovered, reflecting gains on Wall Street in overnight trading.
The Nikkei 225 Stock Average gained 0.7%, and the broader Topix advanced 0.8% as investors reviewed minutes of the meeting in June.
The Bank of Japan's policymakers left the door open for possible rate hikes if trade tensions ease; however, the committee members consider the current rates appropriate amid lingering geopolitical uncertainty.
Investors are worried that the steady rise in domestic prices could fuel inflation further, forcing the Bank of Japan to raise rates faster than expected.
Japan Indexes and Stocks
The Nikkei 225 Stock Average edged up 0.7% to 40,550.51, and the broader Topix added 0.8% to 2,938.66.
Mitsubishi Heavy Industries Ltd. jumped 4.7% to ¥3,712.0 after the company won an A$10 billion, or $4.7 billion, navy contract from Australia.
The company's upgraded Mogami design for frigates was selected by Australia's national security committee over Germany's MEKO A-200 built by Thyssen Krupp.
The company plans to build the first three vessels in Japan, and the remaining ones are to be built in Western Australia, according to Australian Deputy Prime Minister Richard Marles.
Nintendo Co. Ltd. edged up 0.6% to ¥13,330.0 and extended recent gains after the company reported strong quarterly results following the sale of Switch 2 hitting 5.8 million units.
Despite the strong quarterly results, the company retained its fiscal year sales outlook of 1.9 trillion yen and operating profit of 320 billion yen, and Switch 2 sales of 15 million units.
Annual Returns
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Earnings
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