Tokyo stocks rose 0.71 percent Thursday morning, tracking a rise on Wall Street after the Federal Reserve said the US economy was picking up.
Asian markets climbed Monday as investors brushed off fresh evidence indicating that China’s manufacturing sector is shrinking, while some analysts said it could prompt lawmakers to loosen monetary policy.
Asia’s markets were mixed in edgy trade on Wednesday after Russia ratcheted up tensions in Eastern Europe by formally absorbing Crimea from Ukraine.
The Janet Yellen era at the Federal Reserve begins in earnest this week with a two-day meeting, a policy statement and fresh economic forecasts. Yet all that will be a prelude to the marquee event: Yellen’s first news conference as Fed chair.
The central bank has called for calm in financial markets following statements by the United States’ top monetary official emphasizing the need for continued stimulus to support the American economy.
