Topix Japan Rise as U.S. Payrolls Top Pre-Recession PeakJapanese stocks rose, with the Topix index heading for the highest close in more than four months, after data showed U.S. payrolls exceeded their pre-recession peak for the first time in May.

The Topix added 0.3 percent to 1,238.28 at the break in Tokyo, poised for its highest close since Jan. 29, after jumping 2.8 percent last week. The Nikkei 225 increased 0.5 percent today to 15,156.32. Revised data showed Japan��s gross domestic product increased more than estimated in the first quarter.

Japan gross domestic product (GDP) grew an annualized 6.7 percent from the first three months of the year, the Cabinet Office said in Tokyo today, faster than a preliminary reading of 5.9 percent. The median forecast of economists in a survey by Bloomberg News had pointed to a downward revision in growth to 5.6 percent. The nation��s current-account surplus narrowed in April from a year earlier, separate data showed.

Source : Bloomberg