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TOKYO, May 1 (Xinhua) -- Japan's Nikkei stock index jumped 1.27 percent Thursday as some solid earnings, the U.S. Dow's record closing high overnight and the Federal Reserve vouching for the health of its economy lifted investor sentiment.


Local traders said that news from the Federal Open Market Committee stating that the world's largest economy "has picked up recently" further lifted the market mood here as the Fed opting to continue to rein in its asset-buying program sent the 30-issue Dow Jones Industrial Average to an all-time high for the first time in four months.


The Dow gained 45.47 points to 16,580.84 Cheap Jordan 11 , to close at an all- time time high for the first time in four months, setting the stage for an upbeat market mood here in early trade Thursday, brokers added.


Nobuyuki Fujimoto, a senior market analyst at SBI Securities Co. , noted that the situation in the United States was inspiring global markets Cheap Jordan 5 , as rather than rolling out new stimulus measures when the economy slows, they (the U.S. Federal Reserve) just tweak their tapering measures.


Fujimoto added that Toyota's potential earnings also inspired buying on Thursday and reinforced the view that many Japanese stocks are still relatively undervalued.


But despite some solid earnings from Japan Inc. inspiring investors Thursday, on the back of renewed faith in the health of the world's largest economy, other analysts pointed to a bigger picture, with Kenichi Hirano Cheap Jordan 4 , a market analyst at Tachibana Securities, saying that the market here remains boxed in, in terms of its trading range.


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The Nikkei Stock Average climbed 181.02 points from Wednesday to close at 14,485.13, while the broader Topix index gained 19.76 points, or 1.7 percent, to finish at 1 Cheap Air Jordan Shoes ,182.20.


Among the day's biggest gainers were Japan's brokerages, with Nomura jumping 6.3 percent to 625 yen, following an announcement of a share buyback scheme of as much as 2.3 percent of its outstanding shares, while rival Daiwa Securities Group also closed in positive territory, climbing 3.1 percent to finish at 789 yen.


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