Japanese stocks rallied Friday on a mixed day for Asian markets, fuelled by relief that Tokyo and Washington had settled a tariff issue that raised concerns about their trade deal.

The news compounded optimism sparked by strong earnings from market heavyweights Sony and Softbank that fanned a rally in the tech sector.

Meanwhile, expectations that the Federal Reserve will cut interest rates were boosted by Donald Trump's nomination of a key economic adviser to the central bank's policy committee, adding to downward pressure on the dollar.

The Nikkei 225 jumped more than two percent after Japan's tariffs envoy Ryosei Akazawa told reporters that Washington is expected to revise an executive order that stacked tariffs on top of each other.

It also lowered vehicle tariffs on Japanese autos,

See Full Page