TOKYO stocks have closed 1.41 per cent higher as a weak yen helped boost the market which surged last week following a return to power for the country's conservatives.
The benchmark Nikkei 225 index gained 140.06 points to 10,080.12, while the broader Topix index of all first-section shares added 0.64 per cent, or 5.29 points, to finish at 838.01 on Christmas Day.
A strong yen is negative for Japanese markets as it erodes exporters' revenue and makes their products less competitive overseas.
The yen had dipped against the dollar and the euro on Monday after Japan's incoming prime minister Shinzo Abe, whose Liberal Democratic Party won a landslide national election this month, renewed calls on the Bank of Japan to take further steps to ease monetary policy.
Abe at the weekend threatened to change a law guaranteeing the bank's independence if it did not agree to set a two-per cent inflation target.
He is pressing the bank to set the goal in a bid to drag the country out of the deflation that has haunted its economy for years.
Japanese markets were closed on Monday for a holiday.
In forex trading, the dollar stood at Y84.75, slightly lower than Y84.82 in New York on Monday, where the greenback had climbed to the Y85 level last seen in April 2011.
The euro fetched Y111.75 and $US1.3181 from Y111.87 and $US1.3183 in US trade.
The Dow Jones Industrial Average ended a shortened Christmas Eve session on Monday down 0.39 per cent at 13,139.08 amid pessimism about prospects of a deal to avert the US "fiscal cliff" due to take effect in January.
"The fact that the discussions apparently remain bogged down is a negative, but the overarching factor for stocks - a cheaper yen - trumps everything else," said Hiroichi Nishi, general manager of equities at SMBC Nikko Securities in Tokyo.
Divided US politicians have until the end of the year to reach a deal to avert the fiscal cliff, a combination of steep tax hikes and spending cuts which threatens to drag the world's largest economy into recession.
In Tokyo, Mitsubishi Motors gained 1.23 per cent to Y82, despite transport officials inspecting the company's offices across Japan on Tuesday after it widened a vehicle recall to about 1.7 million vehicles.
Sharp dived 7.45 per cent to Y273, a fall sparked by profit-taking after the stock's recent rally.
Chinese shares put on 2.53 per cent, with the benchmark Shanghai Composite Index jumping 54.56 points to 2,213.61 to close near a six-month high.
Industrial Bank gained 5.89 per cent to 16.36 yuan, while property developer Gemdale jumped 5.61 per cent to 6.40 yuan.
Taiwan's weighted index rose 1.34 per cent, or 101.05 points, to 7,636.57.
Leading smartphone maker HTC rose 1.99 per cent to Tw$282.5 while Taiwan Semiconductor Manufacturing Co. was 1.37 per cent higher at Tw$96.5.
Most Asian markets were closed.
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