Japanese Stocks Rise After Central Bank Governor's Remarks and Buffett Investment Report

Japanese stocks rose for the third consecutive session on Tuesday following moderate remarks from the new Governor of the Bank of Japan, as well as strong economic indicators from the United States, which boosted investor confidence. The Nikkei index increased by 1.05% to close at 27,923.37 points, marking its highest daily gain since March 29. The broader Topix index rose by 0.78% to 1,991.85 points. Kazuo Ueda, the Governor of the Bank of Japan, stated at his first press conference on Monday, "It is appropriate to maintain the bank's accommodative monetary policy for now." Sentiment received further support after the Nikkei reported that billionaire investor Warren Buffett intends to increase his investments in Japan. Tokyo Electron, a semiconductor manufacturer, saw its shares jump by 3.69%, following the trend of its peers on Wall Street, leading the gainers on the Nikkei index.