Benchmark indexes in Tokyo meandered, and the Japanese yen remained under pressure as traders prepared for the currency to resume its slide. Obyashi Corp., Toppan Holdings, and Furukawa Electric advanced after the release of earnings results. Daiwa Securities, Tosoh, and Nissan Chemical declined more than 5%.
Japan's manufacturing sector extended contraction to the eleventh month in a row. Three Japanese railway companies reported a double-digit increase in annual revenue following the end of COVID-19 restrictions. Lasertec said nine-month sales and earnings rose, and the company announced the appointment of a new chief executive.