In the Asian market, Japanese stocks rebounded, driven by gains in technology companies and automakers. Trading firm stocks also strengthened as Berkshire Hathaway started preparing for a potential yen-denominated bond issuance, sparking speculation about increased investments in Japan by Warren Buffett (Trades, Portfolio)'s firm.
The yen lagged initially but narrowed its early losses. Japan's Finance Minister stated that the journey to completely end deflation is more than halfway completed. The Nikkei 225 index recorded a rise of 1.47%, peaking at a 1.8% gain during trading.
