MW: Japan shares up; banks advance on Wall Street gain
By Myra P. Saefong
TOKYO (MarketWatch) -- Japanese shares climbed Wednesday morning in Tokyo, taking their cue from strength in U.S. stocks. The U.S. Federal Reserve's decision to keep key rates steady provided support for financial stocks ahead of the Bank of Japan's policy decision due later in the day. The Nikkei 225 Average was up 0.6% at 10,782.08 and the broader Topix added 0.6% at 943.46. Shares of Citigroup Inc. (JP:8710 351.00, -10.00, -2.77%) (C 4.05, +0.16, +4.11%) tacked on 3.1% and Mizuho Trust & Banking Co. Ltd. (JP:8404 90.00, -1.00, -1.10%) (MZATF 0.98, +0.06, +6.52%) and Mitsubishi UFJ Financial Group Inc. (JP:8306 474.00, +4.00, +0.85%) (MBFJF 5.09, -5.09, -50.00%) each climbed 1.1%. Shares of Honda Motor Co. Ltd. (JP:7267 3,245, -50.00, -1.52%) (HMC 36.00, -0.40, -1.10%) were one of the few decliners, falling 0.6% after the car maker on Tuesday said it will recall 2007-2008 Odyssey and Element vehicles in the U.S. due to a brake pedal issue. Elsewhere, South Korea's Kospi rose 0.9% and Australia's S&P/ASX 200 was 0.7% higher.