Tokyo stocks rose Monday morning as investors welcomed Wall Street's strength. The U.S. dollar was lower against the yen.
The benchmark Nikkei Stock Average of 225 selected issues gained 81.43 points, or 0.71 percent, to 11,519.82 at the end of morning trading. On Friday, the index rose 80.17 points, or 0.71 percent. The dollar bought 102.11 yen at 11 a.m. local time Monday, down 0.87 yen from late Friday but above the 101.95 yen it bought in New York later that day.
Stock prices rose as investors snapped up high technology and issues related to domestic economy, such as construction and banks, after gains Friday on Wall Street.
High technology Advantest Corp. gained 0.69 percent to 8,790. mega-bank Mizuho Financial Group, Inc. rose 0.61 percent, to 497,000, and construction giant Kajima Corp. added 1.59 percent to 446 points.
U.S. stocks advanced Friday, buoyed by a larger-than-expected drop in wholesale prices.
The Dow Jones industrial average rose 52.17, or 0.5 percent, to 10,558.00. The technology-dominated Nasdaq composite index climbed 17.35, or 0.84 percent, to 2,087.91.
In Tokyo Monday morning, the broader TOPIX, or the index of all issues on the Tokyo Stock Exchange's first section, added 6.09 points, or 0.53 percent, to 1,151.78 points. The TOPIX gained 5.65 points, or 0.50 percent, Friday.
In currencies, the dollar remained weaker against the yen after sliding in New York on Friday as senior officials from the Group of Seven industrialized nations talked about the need for Asian currencies to take more of the burden of dollar weakness ahead of their planned Feb. 4-5 meeting.
The euro fell to US$1.3107 Monday morning in Tokyo from US$1.3117 late Friday. The euro also weakened against the Japanese currency to 133.82 yen from 135.06 yen.
The yield on Japan's benchmark 10-year government bond rose to 1.3950 percent from 1.3800 percent Friday. Its price fell 0.13 to 100.04 points.