"There's no doubt that boosting production globally is positive for the Japanese economy"
- Kiyoshi Ishigane, a Tokyo-based strategist at Mitsubishi UFJ Asset Management Co.
Banks in Japan were closed on Friday in observance of Constitution Day.
Japanese stocks edged higher on Wednesday, after a report showed U.S. manufacturing expanded more than forecast in April. The Nikkei 225 gained 0.31%, or 29.30 points, to 9,380.25. The broader Topix rose 0.43%, or 3.38, to 792.87.
"There's no doubt that boosting production globally is positive for the Japanese economy," said Kiyoshi Ishigane, a Tokyo-based strategist at Mitsubishi UFJ Asset Management Co.
"Not only the U.S. but also China, Europe and others cannot manufacture products without importing key parts and machinery from Japan."
Ministry of Finance Japan is to announce current account for March on Thursday. Current account widened to 0.85 trillion yen in February, after shrinking to 0.14 trillion yen in January.
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