"Japan has benefited from the perception that the yen has peaked for now"
- Shane Oliver, Sydney-based head of strategy at AMP Capital Investors Ltd.
Japanese stocks ended Wednesday's session higher after a report showed U.S. retail prices rose and the Fed raised its assessment of the world's largest economy.
The Nikkei 225 rose 1.53%, or 151.44, to 10,050.52. The broader Topix advanced 1.39%, or 11.78, to 857.11.
"The U.S. economy is generating jobs again and that's helping boost household income," said Shane Oliver, Sydney-based head of strategy at AMP Capital Investors Ltd., which manages almost $100 billion.
"Japan has benefited from the perception that the yen has peaked for now."
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