TOKYO stocks have opened 0.11 per cent higher as investor sentiment remained positive after US shares powered to new record highs on growing confidence in the world's largest economy.
The benchmark Nikkei 225 index, which finished on Tuesday at its highest level since June 2008, was up 15.96 points to 14,196.20 at the start on Wednesday.
Japanese stocks remain well supported, as foreign investors have been buying increasingly heavily, analysts said.
"The bullishness seen in US shares reflects the 'risk-off' investor mood, plus faith in the US economic recovery story," said SMBC Nikko Securities general manager of equities Hiroichi Nishi.
"Surprisingly strong German industrial data also offered a sign that European growth woes may not be as bad as feared."
Official data showed Tuesday that industrial orders in Germany, Europe's biggest economy, rose 2.2 per cent in March compared with February propelled by rising demand - both at home and abroad - for German-made goods.
In New York the blue-chip Dow Jones Industrial Average on Tuesday closed above 15,000 for the first time as investor optimism about the US economy bolstered equities such as Caterpillar.
The Dow jumped 87.31 points or 0.58 per cent to finish at 15,056.20, only two days after it first crossed the 15,000 threshold in intraday trade.
The broad-based S&P 500 added 8.46 points or 0.52 per cent to 1,625.96, its fourth consecutive all-time closing high.
The dollar was at 98.81 yen in early Asian trade, compared with 98.96 yen in New York on Tuesday afternoon. The euro fetched $1.3074 and 129.21 yen against $1.3077 and 129.41 yen in US trade.
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