Tokyo shares opened higher on Monday as bargain hunters stepped into the market following gains in US stocks.
The benchmark Nikkei 225 index added 0.16 percent, or 44.72 points, to 27,944.49 in early trade, while the broader Topix index rose 0.28 percent, or 5.5 points, to 1,972.53.
The global market was expected to stay relatively quiet with many US investors leaving for Thanksgiving holidays, said Tapas Strickland of National Australia Bank. "The Japanese economy has seen a slower recovery than the US and European economies after the impact of the pandemic subsided," Rakuten said in a note.
"As Japan goes through a delayed recovery phase from the pandemic, Tokyo shares are also sensing support. The domestic travel subsidies programme and the full-scale resumption of accepting international tourists should contribute to the recovery of domestic demand."
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