Japan market rally gains steam

Japanese share market advanced for fourth straight session on Thursday, 16 July 2015, as concerns about Greece receded after Greek lawmakers approved an austerity bill needed for another bailout. Sentiment locally received a further boost from the yen weakening against a basket of major currencies. However, gains on the upside capped after the Fed chief indicated that U.S. interest rates could start rising later this year. The Nikkei Stock Average rallied 136.79 points, or 0.67%, to end at 20600.12 points. The broader Topix index rose 0.88%, or 14.42 points, to close at 1660.83 points.

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