India, April 14 -- The Japanese stock market is trading significantly higher on Wednesday, extending the sharp gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 58,500 level, with gains across most sectors led by financial and technology stocks.
Meanwhile, the Bank of Japan is said to be considering lifting its inflation forecast at its policy meeting later in the month to reflect higher energy costs, though it is still expected to keep rates unchanged.
The benchmark Nikkei 225 Index is up 662.30 or 1.14 percent at 58,539.69, after touching a high of 58,574.60 earlier. Japanese stocks ended sharply higher Tuesday.
Market heavyweight SoftBank Group is gai...