Nikkei gains after upbeat Tankan business confidence data

The Japan share market finished session higher on Monday, 03 July 2017, buoyed by positive lead from Wall Street Friday, an upbeat Bank of Japan's quarterly tankan business confidence survey and a stable dollar-yen exchange rate, but defeat for Japan's ruling party in a Tokyo poll checked investor risk appetite and capped the upside. The benchmark Nikkei 225 average gained 22.37 points, or 0.11%, to close at 20,055.80. The Topix, including all first-section issues, finished up 2.51 points, or 0.16%, at 1,614.41. Rising issues outnumbered falling ones 1,117 to 767 in the TSE's first section, while 138 issues were unchanged. Volume fell to 1.601 billion shares, from Friday's 1.968 billion shares. P> In a closely-watched Bank of Japan Tankan survey released on Monday, showing business confidence among Japan's large manufacturers strengthened to its highest level in more than three years in the second quarter, as a pickup in the global economy and renewed strength in stocks brightened the outlook for corporate Japan. The main index measuring large manufacturers' confidence rose to plus 17 in the April-June period from plus 12 previously.

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