"There remains a significant risk that policy makers will keep intervening to support economic confidence and financial markets"
- Mikio Kumada, a global strategist for LGT Capital Management
Japanese stocks gained on Thursday after the Fed pledge to support the economy should it deteriorate.
The Nikkei 225 Stock Average rose 0.30 per cent, or 25.73 points, to 8,667.58. The broader Topix Index advanced 0.53 per cent, or 3.89, to 733.67.
"There remains a significant risk that policy makers will keep intervening to support economic confidence and financial markets," said Mikio Kumada, a Singapore-based global strategist for LGT Capital Management.
"Overly bearish investors still risk being caught wrong-footed in rising markets. A reasonably constructive investment approach remains appropriate for now, with a slight tilt in favor of selected risky assets."
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