Japan's Nikkei Stock Average closed at 39,270.40, up 96 points, marking a second consecutive day of gains. The rise was supported by strong performances in the banking and defense sectors, as investors reacted positively to economic data showing GDP growth exceeding expectations. Concurrently, long-term interest rates rose, reaching 1.43%, the highest level in approximately 15 years, amid growing speculation that the Bank of Japan (BOJ) may raise rates further. The yen also strengthened, trading in the 151 yen range against the dollar. Analysts suggest that the BOJ is on track to continue its rate hikes, potentially reaching a benchmark of 1% as economic conditions evolve.