US-MARKETS-JAPAN-STOCKS:Japan's Nikkei rises as weak yen offsets China risks "The Fed decision was the best scenario for the Japanese market. Obviously, it will stimulate U.S. economic growth. The impact on the yen will be limited," said Ryota Sakagami, chief strategist at SMBC Nikko Securities. "This uptrend will continue until the end of November before the market starts to discount the impact of a fiscal cliff in the U.S. I think in the one to two months, the Japanese market will outperform the global market," Sakagami said. He added that his year-end Nikkei target was 10,500 to 11,000, at least 14.5 percent upside from the current level. The Nikkei is up 8.5 percent so far this year.

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