TOKYO, July 24 (Xinhua) -- Japan's benchmark Nikkei stock index experienced a sharp rebound Monday, boosted by a weaker yen on the prospect that the country's central bank will make no policy changes to its ultraloose monetary stance at a meeting later this week.
The 225-issue Nikkei Stock Average gained 396.69 points, or 1.23 percent, from Friday to close the day at 32,700.94, after falling for two market days.
The broader Topix index, meanwhile, ended up 18.98 points, or 0.84 percent, at 2,281.18.
The U.S. dollar fell slightly against the yen in Tokyo but remained strong after surging to the upper 141 yen zone on Friday following news reports that the Bank of Japan (BOJ) policymakers are leaning toward continuing its policy of monetary easing at its upcoming meeting.
Gainers were led by iron and steel, pulp and paper, and oil and transportation equipment shares.
Among exporters, Mitsubishi Motors led gains for Nikkei auto shares, jumping 25.9 yen, or 5.0 percent, to 544.8 yen, while Nissan Motor added 19.2 yen, or 3.2 percent, to 623.8 yen.
Steel issues also gained ground after Tokyo Steel Manufacturing Co. reported stronger-than-expected earnings for the April-June quarter. The steelmaker surged 300 yen, or 21.4 percent, to 1,703 yen. (1 U.S. dollar equals 141.36 Japanese yen) ■
