European markets ticked cautiously higher as the world looks to the inauguration of Donald Trump later on today.
Regional gains, however, remained capped due to a holiday in the U.S. and amid caution ahead of U.S. President-elect Donald Trump's inauguration later in the day.
The broader Topix index settled 1.19 percent higher at 2,711.27. Automakers led the surge, with Honda Motor rising 1.4 percent while Toyota Motor and Subaru both gained around 3 percent.
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SOFR is a benchmark rate which certain variable rate financial products, for example certain mortgages, can be tied to.
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