The Nikkei 225 had shed more than half the gains it added in its previous rally, so it was a good time for investors to hunt for bargains.
The latest data showing that land prices in Tokyo rose for the first time in 15 years has renewed confidence about Japan getting out of a soft patch. There are structural changes to draw in more money.
Investors were disappointed by the fact that Toyota's upbeat earnings failed to turn market sentiment bullish today.