"Technically, the price-to-book ratio is undervalued, and that's bolstering the market"
- Naoki Fujiwara, a fund manager at Shinkin Asset Management Co.
Japanese shares edged higher on Tuesday.
The Nikkei 225 gained 0.69%, or 62.51 points, to 9,181.65. The broader Topix rose 0.58%, or 4.51, to 776.57.
"Technically, the price-to-book ratio is undervalued, and that's bolstering the market," said Naoki Fujiwara, a fund manager at Shinkin Asset Management Co. in Tokyo.
"The yen is correcting after strengthening too much, which is good for the market."
"The yen's climb, one of the biggest market concerns, has halted, driving gains in exporters' shares," said Fumiyuki Nakanishi, a strategist at Tokyo-based SMBC Friend Securities Co.
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