In times when most other economies are struggling to get back on track, Japan seems to be racing ahead. According to recent figures, the country's shares have managed to nudge a little higher, 0.8% or 79.63 points to be exact, on Monday. The development has come ahead of a flood of major earnings, exact results and figures for which are due anytime this week.

Japan's top profiters include Honda Motor Co., Kawasaki Heavy and UFJ Financial Group, and the same have been credited with Nikkei's almost 1% high rise. In addition, even the ailing Japan Airlines showed a bit of improvement post reports that a state-backed body will oversee its possible turnaround.

In terms of currencies, the dollar fell from 92.13 Yen on Friday in New York to 91.84 Yen on Monday. On the other hand, the Euro rose from $1.4998 to $1.5029.