The Nikkei average rose 0.24 percent to 38,814.56 amid relief over the central bank making no near-term changes to its bond buying program. The broader Topix index settled 0.54 percent higher at 2,746.61 despite a decline in banking stocks.
The central bank said details on reducing its massive bond holdings, acquired as the BOJ pumped trillions of dollars into the economy, would be decided and start after its next meeting in July. That helped send the Japanese yen lower against the dollar. The dollar has risen from a rate of about 140 yen to above 157 yen over the past year.
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