Sending the Nikkei 225 Stock Average to its longest streak of gains in more than two decades, a notable rise was noticed in Japanese stocks!

The financial shares by Nomura Holdings Inc. and Daiwa Securities Group Inc., Japan's biggest brokerages, jumped after the Nikkei newspaper said they may return to profit.

A jump by 3.5% was seen in electronics maker Nidec Corp., after it raised its first-half earnings target. Following statement from Nikkei that the manufacturer will buy out five affiliates; Hitachi Ltd. rose 3.4 percent. A decline was recorded by Nippo Yusen K. K. and Kawasaki Kisen Kaisha Ltd after the shipping companies forecast annual losses instead of profits.

At the close of trading in Tokyo, the Nikkei got its second highest close for 2009, as it climbed 144.11, or 1.5 percent, to 10,088.66.

Yoshihiro Ito, senior strategist at Okasan Asset Management Co. in Tokyo said: "Excess liquidity is pushing funds into risk assets such as stocks and oil, which is why we're seeing this historical string of gains. Japan's market is taking cues from earnings reports in the U. S. and Asia to drive gains. But as we saw with the forecast cuts by shippers, it's easy to disappoint when the market is expecting so much."