(Updates closing prices)
By Jiaxing Li and Junko Fujita
HONG KONG/ TOKYO, April 30 (Reuters) - Japan's Nikkei
share average gained on Wednesday as investors awaited
developments in U.S.-Japan tariff talks, helping the benchmark
to register its first monthly gain since December.
The Nikkei added 0.6% to 36,045.38, its highest
close since March 28. The gain marked the index's fifth straight
rising session, its longest winning streak since last August.
The broader Topix also climbed 0.6% to 2,667.29, a
one-month high.
Sentiment was buoyed after Japan's top trade negotiator,
Ryosei Akazawa, said he aims to make steady progress in tariff
negotiations with the U.S. He travelled to Washington later in
the day to meet his counterparts for a second round of
discussions.
That followed fresh data showing Japan's March factory
output fell more than expected, dragged down by its key motor
vehicle industry as U.S. President Donald Trump's tariff
policies continued to rattle manufacturers.
The benchmark index has now recouped all the losses induced
by the early-April tariff announcements, gaining 1.2% for the
month and ending its first month in the green since December.
Markets have largely restored the calm in recent weeks on
hopes of easing trade tensions. Moving away from U.S. assets
amid the tariff-induced chaos also helped Nikkei's rebound.
"For the Nikkei to climb further, a concrete cue - such as
an agreement between Japan and the U.S. - is needed," said
Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence
Laboratory.
The stock that gained the most on Wednesday among the top 30
core Topix names was Sony Group ( SONY ), up 7.1%, after a
report the group is considering spinning off its semiconductor
arm, in a move that would unlock value in the company.
The underperformers were Hitachi ( HTHIF ), down 6.1%,
followed by Toyota Motor ( TM ), which lost 2.1%.
Around the region, MSCI's broadest index of Asia-Pacific
shares outside Japan was up 0.7% on Wednesday.
Elsewhere, the Bank of Japan (BOJ) is widely expected to
leave rates unchanged at its two-day policy meeting that ends on
Thursday.
A weaker yen generally benefits Japanese equities by
boosting the value of exporters' overseas revenues. Last month,
Trump accused Tokyo of pursuing policies to weaken the yen,
arguing that it gave Japan an unfair trade advantage.
(Reporting by Jiaxing Li in Hong Kong and Junko Fujita in
Tokyo; Editing by Sumana Nandy and Mrigank Dhaniwala)