TOKYO, Sept 15 (Reuters) - Japanese shares closed higher on
Thursday as investors bought back equities after a sharp drop in
the previous session, with travel-related stocks leading the
recovery on hopes of a rebound in tourism.
The Nikkei share average edged higher 0.21% to
27,875.91, recovering from its worst session in three months.
The broader Topix inched up 0.15% to 1,950.43.
"It is a rebound from previous session. The market fell too
much yesterday," said Seiichi Suzuki, chief equity market
analyst at Tokai Tokyo Research Institute. "But the rebound is
small because overnight gains in U.S. equities were limited."
Wall Street ended a directionless session higher on
Wednesday as an on-target inflation report largely stanched the
flow of Tuesday's sell-off and investors pressed the "pause"
In Japan, Uniqlo clothing store owner Fast Retailing
rose 0.73% and provided the biggest boost the Nikkei,
while chip-making equipment maker Tokyo Electron gained
SoftBank Group rose 0.61% after a report that the
technology inventor was considering launching a third Vision
Fund, likely using its own capital.
Airline and railway stocks rose 1.77%
and 1.08%, respectively, after a report said Japan was expected
to waive visa requirements for certain tourists and remove a
limit on daily arrivals in October as it aimed to benefit from a
rebound in global tourism.
Property developers, many of which own and
operate hotels, gained 1.49%.
Publishing firm Kadokawa tumbled 8.72% after its
chairman was arrested by Tokyo prosecutors on suspicion of
(Reporting by Junko Fujita; Editing by Subhranshu Sahu)