Japanese stocks were slightly higher on Monday, being boosted by hopes that the Fed will embark on asset purchasing program in the nearest future. However, a fall in profits of China's industrial companies in July created notable pressure on the Asian equities. The Nikkei 225 managed to close with a 0.16% gain at 9,085.39. Six out of ten sectors included in the index inched up. Consumer services and telecommunications were the top-gainers. Tokyo Dome and Softbank rose 1.67% and 0.48%. On the upside were also Sharp and Olympus, advancing by 2.56% and 4.41%. Sharp found support on news that Hon Hai Precision Industry will probably agree to take a 9.9% stake in the Japanese TV producer. Meanwhile, Olympus announced that it will sell its mobile telecom business for USD674 million. Sending Japan's stock index lower, lenders retreated. Bank of Yokohama and Sumitomo Mitsui Financial Group slid 0.27% and 0.36%.