America News Agency

This adds to the narrative the Fed doesn’t have to rush to lower interest rates. Traders don’t expect the Federal Open Market Committee to cut rates at its meeting this week or the next meeting in July.

This week in Asia, investors will assess Japan’s revised first-quarter gross domestic product numbers on Monday, which came in at an annualized contraction of 1.8 percent. This was softer than the 2 percent contraction initially reported and lower than the 1.9 percent revised contraction expected in a Reuters poll of economists.

Separately, the Bank of Japan’s rate decision will come on Friday, while China and India’s inflation numbers for May will be released on Wednesday.

Japan’s Nikkei 225 climbed 0.67 percent, while the broad-based Topix was up 0.8 percent. In contrast, the South Korean Kospi was down 0.57 percent and the small-cap Kosdaq slipped marginally.

Some Asian markets, including Australia, mainland China, Hong Kong, and Taiwan, are closed for a holiday on Monday.