TOKYO, Sept. 10 (Xinhua) -- Tokyo stocks rebounded on Wednesday, following gains on Wall Street, where expectations of a U.S. Federal Reserve rate cut next week boosted sentiment.
The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed at 43,837.67, gaining 378.38 points, or 0.87 percent, from the previous session.
Speculation about a possible Bank of Japan (BOJ) rate hike resurfaced after media reported that the BOJ has not ruled out tightening this year despite political uncertainty.
This pushed long-term interest rates higher and spurred buying in banking shares such as Mitsubishi UFJ.
The TOPIX rose 18.85 points, or 0.60 percent, to 3,140.97, setting a new record.
On the Tokyo Stock Exchange Prime Market, decliners outnumbered advancers 952 to 616, with 50 stocks flat. ■
