"There's no doubt that boosting production globally is positive for the Japanese economy"
- Kiyoshi Ishigane, a strategist at Mitsubishi UFJ Asset Management Co.
Japanese stocks edged higher on Wednesday, after a report showed U.S. manufacturing expanded more than forecast in April.
The Nikkei 225 rose 0.31%, or 29.30 points, to 9,380.25. The broader Topix advanced 0.43%, or 3.38, to 792.87.
"There's no doubt that boosting production globally is positive for the Japanese economy," said Kiyoshi Ishigane, a Tokyo-based strategist at Mitsubishi UFJ Asset Management Co."Not only the U.S. but also China, Europe and others cannot manufacture products without importing key parts and machinery from Japan."
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