The Nikkei 225 Index rose 0.7% to above 47,000 while the broader Topix Index gained 0.8% to 3,160 on Wednesday, with Japanese shares ending a two-day losing streak and breaking ranks with Wall Street’s losses as US Federal Reserve Chair Powell’s latest remarks reinforced expectations for further interest rate cuts. Meanwhile, investors continued to monitor evolving US-China trade dynamics after US President Donald Trump threatened China with a cooking oil embargo in retaliation for Beijing’s soybean boycott. Domestically, uncertainty persisted over whether LDP leader Sanae Takaichi, who is known for supporting expansionary policies, will become the next prime minister following the coalition split with Komeito. Among individual movers, SoftBank Group rose 2.4%, Advantest 1.6%, Sanrio 5.3%, Fujikura 1.4%, and Mitsubishi Heavy Industries 2.4%.