Japan Topix index rose, after falling the most in three weeks yesterday, as insurers and foodmakers led the advance. The Topix added 0.2 percent to 1,231.13 as of 9:02 a.m. in Tokyo after dropping 0.5 percent yesterday, the most since May 19. All but nine of the 33 industry groups climbed today. The Nikkei 225 Stock Average increased 0.2 percent to 15,017.86. The yen was little changed at 102.31 per dollar. While the Topix climbed 6.8 percent from a recent low on May 21 through yesterday, it��s still the worst performer this year among 24 developed markets tracked by Bloomberg. The measure capped a world-beating rally last year as the Bank of Japan pressed ahead with its record monetary easing. The central bank is scheduled to meet June 12-13. Japan��s government yesterday released a draft summarizing the main themes of its growth strategy without providing details on the planned changes. Lawmakers will push for œgrowth-orientated corporate tax reform, according to the draft. Company tax cuts will begin from the fiscal year starting in April 2015, Economy Minister Akira Amari said yesterday, with the particulars still under negotiation. The World Bank cut its global economic expansion forecast amid weaker outlooks for the U.S., Russia and China, while calling on emerging markets to strengthen their economies before the Federal Reserve raises interest rates. The world economy will expand 2.8 percent this year, down from a January projection of 3.2 percent, the bank said. The forecast for Japan was trimmed to 1.3 percent from 1.4 percent. Futures on the Standard & Poor��s 500 Index lost 0.1 percent today. The equity measure fell less than 0.1 percent yesterday, halting a four-day streak of record closes, as investors weighed equity valuations. The Dow Jones Industrial Average closed at an all-time high. Source : Bloomberg