26/04/2012 07:22 AST

Japan's Nikkei share average edged up on Thursday, but pared earlier gains as investors held back from taking major positions ahead of the closely watched Bank of Japan meeting and a slew of domestic corporate results.

By the midday trading break, the benchmark Nikkei added 10.56 points to 9,571.57 with strategists citing support at its 75-day moving average around 9,437.

The broader Topix index gained 0.3 percent to 811.94. Morning trade on the main board was thin, with the Topix trading at 39 percent of its average 90-day full day volume.

"For the market to test higher levels, we need something new out of the BOJ, a sense that they are really determined this time to escape deflation and meet the 1 percent inflation target as soon as possible," said Kenichi Hirano, operating officer at Tachibana Securities.

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Reuters

Ticker Price Volume
QNBK 123.30 103,897
MMG 0.00 0
SABIC 100.87 2,504,855
CHEMANOL 7.11 932,192
TRADEUNION 20.69 200,872
TAWUNIYA 95.40 17,663
STC 71.32 119,991
Index Closing Change
NIKKEI 225 20,296.45 -51.03 (-0.25%)
DAX 12,592.35 -7.68 (-0.06%)
S&P 500 2,502.22 1.62 (0.06%)
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