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Japan's Nikkei share average ended higher on Wednesday, amid expectations regarding the Bank of Japan's decision on interest rates and trade tensions between the United States and its main trade partners.
The Nikkei closed 0.23% higher at 37,418.24.
The broader Topix was up 0.30% at 2,718.21.
Gains were tempered by ongoing concerns over potential trade tensions following the US implementation of new tariffs on Canada, Mexico, and China. These developments have raised fears of an escalating trade war, contributing to market volatility.
Concurrently, the Bank of Japan (BOJ) has indicated plans to continue raising interest rates. Deputy Governor Shinichi Uchida stated that the central bank aims to increase rates in line with market expectations.
In terms of the exchange rate, the US dollar remained stable against the Japanese yen, holding at 149.60 yen during morning trading.
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