TOKYO, Feb 5 (Reuters) - Japanese shares rose on Friday, following Wall Street's rally overnight, as strong earning results of domestic firms and a large U.S. stimulus program boosted market sentiment.
The S&P 500 and Nasdaq posted record closing highs overnight, as Democrats pushed ahead with U.S. President Joe Biden's proposed $1.9 trillion stimulus plan without bipartisan support. bigger economic stimulus package in the U.S. is good for the global economy and that optimism is lifting economic-sensitive shares in Japan," said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management.
"Investors also have started buying the virus-beaten shares ahead of the rollout of COVID-19 vaccines in Japan."
NTT Data 9613.T jumped 9.66% after Nomura Securities raised its target price to 1,960 yen from 1,560 yen.
Takeda Pharmaceutical 4502.T edged up 0.46% after the drug maker said its nine-month profit more than doubled from a year earlier.
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