Stocks had firmed on Friday after a benign August payrolls report hardened expectations for an end to rate hikes.While the headline jobs number topped forecasts, downward revisions to the previous two months and a dip in wage growth pointed to a loosening in the labour market.
Despite Japan’s share market rally to a three-decade high in August, many big-name stocks remain cheap based on unconventional analysis used by a Deutsche Bank AG unit.
The Nikkei ended the day up 1.23% at 32,700.94. Of the index s 225 components, 198 rose, while 25 fell and two were flat. The broader Topix added 0.84% to 2,281.18. Transport equipment makers gained 1.65% to be among the top three industry sectors on the Tokyo Stock Exchange.