Japanese stocks erased some of the previous losses on Thursday as hopes for decisive action from the ECB bolstered Asian equities. Moreover, shares that tumbled on Wednesday on disappointing quarterly results managed to recover on Thursday. Nikkei 225 Index added 0.13% to trade at 8,653.18.Utilities and technology sectors provided strong support for Japanese stock index. Tokyo Electric Power and Osaka Gas rose 0.61% and 10.16% while Canon and FUJIFILM Holdings climbed 0.9% and 0.22%. Kyocera surged 5.07% as analysts expect strong growth in sales. Meanwhile, Seiko Epson and Sumito heavy Industries recovered after previous slump, gaining 1.1% and 2.2%, respectively. On the downside was consumer services industry, with Toppan Printing retreating 1.04%.