Japanese stocks advanced for a third day on Tuesday, lifting the 225-issue Nikkei stock average to its highest levels in 31 years, as Japan's progress in its COVID-19 vaccinations lifted expectations for broader economic activity and hopes grew for possible stimulus under a new prime minister.
The 225-issue Nikkei Stock Average ended up 222.73 points, or 0.73%, from Monday at 30,670.10, its highest finish since Aug. 1, 1990, when the Japanese economy was experiencing an asset-inflated bubble.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished up 21.16 points, or 1.01%, at 2,118.87, its highest close since Aug. 3, 1990.