Nikkei toward the biggest daily rise Since 2011

Japan's Nikkei 225 index rebounded sharply more than 5% in trading Wednesday after losing 2.4% in the previous session, which removes all the benefits this year. Nikkei success in maintaining the gain will bring the index posted its biggest daily rise since March 16, 2011.

Large-cap stocks showed the most solid performance, with shares of Fast Retailing rose sharply by 6.3% followed by SoftBank and Fanuc, each collecting 3.7% and 5.7%, as the positive close on Wall Street boosted risk appetite. The weakening of the yen against the US dollar also helped push a purchase order for export-oriented stocks such as Toyota Motor, Nissan, Suzuki Motor and Honda Motor, which on average has appreciated more than 4%.

Japan Market sentiment was also supported by the recent statement of Prime Minister of Japan Shinzo Abe, who announced plans at least 3.3% decrease in the corporate tax rate for the next fiscal year.