The Japanese benchmark index "Nikkei" rose today, Monday, for the second consecutive session, supported by gains in pharmaceutical companies and firms linked to the chip industry. The Nikkei closed up 0.52% after giving up its early gains in afternoon trading. The broader "Topix" index increased by 0.65%. Investors were hesitant to continue pushing stock prices higher, amid anticipation of interest rate decisions from both the Federal Reserve (the U.S. central bank) and the Bank of Japan (the central bank) on Wednesday and Friday, respectively.
Title: Nikkei Rises Amid Gains in Pharmaceutical and Chip Stocks
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