Tokyo stocks rebound in morning on Wall St. gains, weak yen

Tokyo stocks rebounded sharply Monday morning, tracking Wall Street gains and lifted by export-related issues on the yen’s weakness even after the Bank of Japan decided to tweak its ultraloose monetary policy last week.

On the bond market, the yield on 10-year Japanese government bonds rose to 0.605 percent, the highest level since June 2014, after the BOJ said it will allow the long-term yield to rise above its previous 0.5 percent cap toward 1.0 percent.

The 225-issue Nikkei Stock Average rose 503.51 points, or 1.54 percent, from Friday to 33,262.74. The broader Topix index was up 31.28 poin...