(Correct paragraph 1 spelling of company Nitto Denko)
TOKYO, Jan 27 (Reuters) - Japanese stocks gained on Wednesday as hopes rose for better corporate earnings after the International Monetary Fund raised its forecast for global growth, while shares of Nitto Denko raced to the top of the Nikkei on its revised earnings outlook.
The Nikkei share average .N225 rose 0.46% to 28,677.92 by 0144 GMT, while the broader Topix .TOPX climbed 0.57% to 1,858.52.
The International Monetary Fund (IMF) raised its forecast for global economic growth in 2021 and said the coronavirus-triggered downturn last year would be nearly a full percentage point less severe than expected. of the Japanese stocks are sensitive to the global economy. Investors are taking a fresh look at Japanese shares after the IMF's global economic outlook," said Hideyuki Ishiguro, senior strategist, Daiwa Securities.
Electronic components maker Nitto Denko 6988.T jumped 5.77% after it raised its annual operating profit forecast to 90 billion yen ($867.89 million) from 75 billion yen based on growing demand for capacitors for personal computers.
Murata Manufacturing 6981.T rose 1.27%, Fanuc 6954.T gained 1.86% and Nidec 6594.T added 1.94%.
Nippon Express 9062.T climbed 1.66% after the logistics firm said it was considering selling its headquarters building in Tokyo, a sale which the Yomiuri newspaper reported could fetch more than 100 billion yen. broker Monex Group 8698.T was up 1.8% following a report on its partnership with Shinsei Bank 8303.T largest percentage losers in the index were M3 Inc 2413.T , which fell 5.42%, followed by Tokyo Electric Power 9501.T , losing 2.56%, and Advantest 6857.T that shed 2.2%. ($1 = 103.7000 yen)